3. On July 19, 2022, a customer's account balance of $7,800 is written off as uncollectible. Record the write-off. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record write off of actual bad debts. Note: Enter debits before credits. Date General Journal Debit Credit July 19, 2022

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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3. On July 19, 2022, a customer's account balance of $7,800 is written off as uncollectible. Record the write-off. (If no entry is required
for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
1
>
Record write off of actual bad debts.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
July 19, 2022
Transcribed Image Text:3. On July 19, 2022, a customer's account balance of $7,800 is written off as uncollectible. Record the write-off. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record write off of actual bad debts. Note: Enter debits before credits. Date General Journal Debit Credit July 19, 2022
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account
of $588,000. Of this amount, $78,000 remains receivable at the end of the year. An aging schedule as of December 31,
2021, is provided below.
IT
Estimated
Amount
Percent
Receivable
Uncollectible
Age Group
Not yet due
0-90 days past due
91–180 days past due
More than 180 days past due
$38,000
15,800
10,800
13,400
3%
15%
20%
85%
Total
$78,000
Transcribed Image Text:Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $588,000. Of this amount, $78,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. IT Estimated Amount Percent Receivable Uncollectible Age Group Not yet due 0-90 days past due 91–180 days past due More than 180 days past due $38,000 15,800 10,800 13,400 3% 15% 20% 85% Total $78,000
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