Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2018, Pearl 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, 2018, is provided below.

Age Group	Amount Receivable	Estimated Percent Uncollectible
Not yet due	$ 34,000	4%
0-90 days past due	15,400	20%
91-180 days past due	10,400	25%
More than 180 days past due	14,200	80%
Total	$ 74,000

3.

value: 11.11 points

Required information

Required:

1. Calculate the allowance for uncollectible accounts.

References

eBook & Resources

WorksheetLearning Objective: 05-04 Use the aging method to estimate future uncollectible accounts.

Difficulty: 2 MediumLearning Objective: 05-05 Apply the procedure to write off accounts receivable as uncollectible.

Check my work

4.

value: 11.11 points

Required information

2. Record the December 31, 2018, adjustment, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $4,400 (credit). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

References

eBook & Resources

General JournalLearning Objective: 05-04 Use the aging method to estimate future uncollectible accounts.

Difficulty: 2 MediumLearning Objective: 05-05 Apply the procedure to write off accounts receivable as uncollectible.

Check my work

5.

value: 11.11 points

Required information

3. On July 19, 2019, a customers account balance of $7,400 is written off as uncollectible. Record the write-off. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

References

eBook & Resources

General JournalLearning Objective: 05-04 Use the aging method to estimate future uncollectible accounts.

Difficulty: 2 MediumLearning Objective: 05-05 Apply the procedure to write off accounts receivable as uncollectible.

Check my work

6.

value: 11.11 points

Required information

4. On July 19, 2019, a customers account balance of $7,400 is written off as uncollectible. On September 30, 2019, the customer unexpectedly pays the full amount. Record the cash collection. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)