Record the December 31, 2021, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is

Transcribed Image Text: 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.)
View transaction list
Journal entry worksheet
1
>
Record the adjusting entry for Uncollectible Accounts.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
December 31, 2021 Transcribed Image Text: 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.
IT
Estimated
Amount
Percent
Receivable
Uncollectible
Age Group
Not yet due
0-90 days past due
91–180 days past due
More than 180 days past due
$38,000
15,800
10,800
13,400
3%
15%
20%
85%
Total
$78,000

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