Question: Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $580,000. Of this amount, $70,000 remains receivable at
Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $580,000. Of this amount, $70,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $30,000 58 0-90 days past due 15,000 100 91-180 days past due 10,000 More than 180 days past due 15,000 Total $70,000 30 B01 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the entry to re-establish account previously written off. 2 Record cash received on account. Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $580,000. Of this amount, $70,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $30,000 58 0-90 days past due 15,000 100 91-180 days past due 10,000 More than 180 days past due 15,000 Total $70,000 30 B01 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X 1 Record the entry to re-establish account previously written off. 2 Record cash received on account
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