Students Home Inbox (1) - vc1046634@ McGraw-Hill Connect Homework: Ch 5 New tab https://newconnect.mheducation.com/flow/connect.html 5 6 Saved Help 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 $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 Receivable $38,000 15,800 10,800 Uncollectible Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due 3% 15% 20% 13,400 85% Total $78,000 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) < Prev 7 8 9 of 16 E Next > ere to search hp s米 fs f6 f1o fii 112 17 f8 & 3 00 %24
Students Home Inbox (1) - vc1046634@ McGraw-Hill Connect Homework: Ch 5 New tab https://newconnect.mheducation.com/flow/connect.html 5 6 Saved Help 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 $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 Receivable $38,000 15,800 10,800 Uncollectible Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due 3% 15% 20% 13,400 85% Total $78,000 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) < Prev 7 8 9 of 16 E Next > ere to search hp s米 fs f6 f1o fii 112 17 f8 & 3 00 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Students Home
Inbox (1) - vc1046634@
McGraw-Hill Connect
Homework: Ch 5
New tab
https://newconnect.mheducation.com/flow/connect.html
5 6
Saved
Help
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
$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
Receivable
$38,000
15,800
10,800
Uncollectible
Age Group
Not yet due
0-90 days past due
91-180 days past due
More than 180 days
past due
3%
15%
20%
13,400
85%
Total
$78,000
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 required for a particular transaction/event, select "No Journal Entry Required" in the first account
field.)
< Prev
7 8 9
of 16
E Next >
ere to search
hp
s米
fs
f6
f1o
fii
112
17
f8
&
3
00
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff64850c1-bbf4-4d42-a9e2-8eb654e9196d%2F6765de33-e3bb-4930-9986-a054b787858d%2Foc70puf.jpeg&w=3840&q=75)
Transcribed Image Text:Students Home
Inbox (1) - vc1046634@
McGraw-Hill Connect
Homework: Ch 5
New tab
https://newconnect.mheducation.com/flow/connect.html
5 6
Saved
Help
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
$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
Receivable
$38,000
15,800
10,800
Uncollectible
Age Group
Not yet due
0-90 days past due
91-180 days past due
More than 180 days
past due
3%
15%
20%
13,400
85%
Total
$78,000
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 required for a particular transaction/event, select "No Journal Entry Required" in the first account
field.)
< Prev
7 8 9
of 16
E Next >
ere to search
hp
s米
fs
f6
f1o
fii
112
17
f8
&
3
00
%24
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