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. Amount Receivable Estimated Percent Age Group Not yet due 8-se days past due 91-180 days past due More than 18e days past due Uncollectible $38,000 15,880 15% 10, 8ee 13,400 20% 85% Total $78,000 4. On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash collection. (If no entry Is requlred for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.)
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. Amount Receivable Estimated Percent Age Group Not yet due 8-se days past due 91-180 days past due More than 18e days past due Uncollectible $38,000 15,880 15% 10, 8ee 13,400 20% 85% Total $78,000 4. On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash collection. (If no entry Is requlred for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I only need the solution for the second part (#4). Thank you.
Transcribed Image Text:Requlred Informatlon
[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 $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.
Amount
Estimated Percent
Age Group
Not yet due
e-90 days past due
91-180 days past due
More than 180 days past due
Receivable
$38,000
15,800
Uncollectible
3%
15%
10, 8ee
13,400
$78,000
20%
85%
Total
4. On September 30, 2022, the customer whose account was written off in part 3 unexpectedly pays the full amount. Record the cash collection. (If no entry Is requlred for a
particular transaction/event, select "No Journal Entry Requlred" In the first account fleld.)
View transaction list
Journal entry worksheet
1
2
>
Record the entry to re-establish account previously written off.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
September 30, 2022
![Requlred Informatlon
[The following information applies to the questions displayed below.]
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Peari 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.
Estinated Percent
Uncollectible
Amount
Receivable
Age Group
Not yet due
8-9e days past due
91-180 days past due
More than 180 days past due
$38,000
15, 800
10, Bee
13,400
$78,000
3%
15%
20%
85%
Total
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 requlred for a particular transactlon/event, select
"No Journal Entry Requlred" In the first account fleld.)
View transaction list
View journal entry worksheet
No
Date
General Journal
Debit
Credit
1
July 19, 2022
Allowance for Uncollectible Accounts
7,800
Accounts Receivable
7,800
........
.......](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d592a0b-d573-438f-9a00-69d7ef309f31%2F12761763-57c4-44e7-ba4c-9e606cca5aa3%2Fh5bap3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Requlred Informatlon
[The following information applies to the questions displayed below.]
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Peari 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.
Estinated Percent
Uncollectible
Amount
Receivable
Age Group
Not yet due
8-9e days past due
91-180 days past due
More than 180 days past due
$38,000
15, 800
10, Bee
13,400
$78,000
3%
15%
20%
85%
Total
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 requlred for a particular transactlon/event, select
"No Journal Entry Requlred" In the first account fleld.)
View transaction list
View journal entry worksheet
No
Date
General Journal
Debit
Credit
1
July 19, 2022
Allowance for Uncollectible Accounts
7,800
Accounts Receivable
7,800
........
.......
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