Requirement 1: PEARL E. WHITE ORTHODONTIST Aging Schedule December 31, 2021 Estimated Estimated…
Requirement 1: PEARL E. WHITE ORTHODONTIST Aging Schedule December 31, 2021 Estimated Estimated Amount Percent Amount Receivable Uncollectible Uncollectible Age Group Not yet due 0.- 90 days past due 91 – 180 days past due More than 180 days past due Total PEARL E. WHITE ORTHODONTIST Transaction Entries Account Debit Credit Date Requirement 2: December 31, 2021 (Estimate future bad debts) Requirement 3: July 19, 2022 (Wnite off actual bad debts) Requirement 4: September 30, 2022 (Re-establish account previously written off) September 30, 2022 (Received cash on account) PEARL E. WHITE ORTHODONTIST Aging Schedule December 31, 2021 Age Group Not yet due 0 – 90 days past due 91 – 180 days past due More than 180 days past due Total Estimated Amount Percent Receivable Uncollectible $ 40.000 4% 16,000 20% 11,000 25% 13,000 80% $ 80,000 $ CA A 590,000 80,000 Additional Information: Services provided during 2021 Amount of 2021 services unpaid at end of year (see above aging schedule) Balance of allowance account at end of year Customer account written off on 7/19/22 Collected written off account on 9/30/22 A A A 5,000 8,000 8,000 May 16 2022 03:12 PM
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