!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, $78,000remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below.AmountEstimated PercentAge GroupNot yet duee-9e days past due91-180 days past dueMore than 18e days past dueReceivableUncollectible$38, 00015, Bee18, 8e013,400$78,00e3%15%20%85%Total2. Record the December 31, 2021, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4.800 (credit). (If no entry Is requlred for aparticular transaction/event, select "No Journal Entry Requlred" In the first account fleld.)View transaction listJournal entry worksheet<>Record the adjusting entry for Uncollectible Accounts.Note: Enter debits before credits.DateGeneral JournalDebitCreditDecember 31, 2021Record entrVClear entrVView generaliournal

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-9e days past due 91-180 days past due More than 1se days past due Receivable Uncollectible $38,000 15, Bee 18, B00 13,400 $78,00e 3% 15% 20% 85% Total 2. Record the December 31, 2021. adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4.800 (credit). (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 <> Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021

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-9e days past due 91-180 days past due More than 1se days past due Receivable Uncollectible $38,000 15, Bee 18, B00 13,400 $78,00e 3% 15% 20% 85% Total 2. Record the December 31, 2021. adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4.800 (credit). (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 <> Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021

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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