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Required information [The following information applies to the questions displayed below.] Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides
Required information [The following information applies to the questions displayed below.] Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $584,000. Of this amount, $74,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Age Group Not yet due 0-90 days past due 91-180 days past due Amount Receivable Percent Uncollectible $34,000 48 15,400 20% 10,400 25$ More than 180 days past due Total 14,200 80% $74,000 Required: 1. Calculate the allowance for uncollectible accounts. Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Total Estimated Amount Uncollectible
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