Answer the following 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 onaccount of $584,000. Of this amount, $74,000 remains receivable at the end of the year. An aging schedule as ofDecember 31, 2021, is provided below.EstimatedAmountPercentAge GroupNot yet due8-90 days past due91-189 days past dueMore than 18e days past dueReceivable$34,00015,40018,40014, 200$74, 000Uncollectible4%20%25%se%Total3. On July 19, 2022, a customer's account balance of $7,400 is written off as uncollectible. Record the write-off. (If no entry Isrequlred for a particular transactlon/event, select "No Journal Entry Requlred" In the first account fleld.)View transaction listJournal entry worksheet1>Record write off of actual bad debts.Note: Enter debits before credits.DateGeneral JournalDebitCreditJuly 19, 2022

Bad debts are the debts which have been unpaid by the debtors generally entity makes provision for…

Requlred Information [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 $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 Amount Percent Receivable $34,800 15,400 1e,4ee 14, 200 $74,800 Uncollectible Age Group Not yet due e-9e days past due 91-180 days past due More than 18e days past due 20% 25% se Total 3. On July 19. 2022, a customer's account balance of $7,400 is written off as uncollectible. Record the write-off. (If no entry ls required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet Record write off of actual bad debts. Note: Enter debits before credits. Date General Journal Debit Credit July 19, 2022

Requlred Information [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 $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 Amount Percent Receivable $34,800 15,400 1e,4ee 14, 200 $74,800 Uncollectible Age Group Not yet due e-9e days past due 91-180 days past due More than 18e days past due 20% 25% se Total 3. On July 19. 2022, a customer's account balance of $7,400 is written off as uncollectible. Record the write-off. (If no entry ls required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet 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

Section: Chapter Questions

Problem 1Q

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