Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account...
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Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $587,000. Of this amount, $77,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Age Group Not yet due 8-90 days past due 91-188 days past due More than 180 days past due Total Problem 5-4A Part 4 Amount Receivable $37,000 15,700 10,700 13,600 $77,000 Estimated Percent Uncollectible 20% 25% set 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.) Problem 5-4A Part 4 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 Journal entry worksheet < 1 2 Record the entry to re-establish account previously written off. Note: Enter debits before credits. Record entry Date September 30, 2022 Accounts Receivable General Journal Allowance for Uncollectible Accounts Clear entry Debit Credit 7,700 View generall journal Terences View transaction list Journal entry worksheet 2 Record cash received on account. Note: Enter debits before credits. Date September 30, 2022 Record entry General Journal Clear entry Debit Credit View general journal 4 < Prev Ba Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of $587,000. Of this amount, $77,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Age Group Not yet due 8-90 days past due 91-188 days past due More than 180 days past due Total Problem 5-4A Part 4 Amount Receivable $37,000 15,700 10,700 13,600 $77,000 Estimated Percent Uncollectible 20% 25% set 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.) Problem 5-4A Part 4 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 Journal entry worksheet < 1 2 Record the entry to re-establish account previously written off. Note: Enter debits before credits. Record entry Date September 30, 2022 Accounts Receivable General Journal Allowance for Uncollectible Accounts Clear entry Debit Credit 7,700 View generall journal Terences View transaction list Journal entry worksheet 2 Record cash received on account. Note: Enter debits before credits. Date September 30, 2022 Record entry General Journal Clear entry Debit Credit View general journal 4 < Prev Ba
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SOLUTION Based on the provided information here are the journal entries t... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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