3. On July 19, 2022, a customer's account balance of $6,700 is written off as uncollectible. Record the write-off. (If no entry is requiredfor a particular transaction/event, select "No Journal Entry Required" in the first account field.)View transaction listJournal entry worksheet1>Record write off of actual bad debts.Note: Enter debits before credits.DateGeneral JournalDebitCreditJuly 19, 2022 Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides services on account of$577,000. Of this amount, $67,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021,is provided below.EstimatedAmountPercentAge GroupNot yet due0-90 days past due91-180 days past dueMore than 180 days past dueReceivable$27,00014,7009,70015,600$67,000Uncollectible4%20%25%70%Total

Adjusting journal entry: At year end when company finalise its accounts then any unrecognized income…

3. On July 19, 2022, a customer's account balance of $6,700 is written off as uncollectible. Record the write-off. (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 write off of actual bad debts. Note: Enter debits before credits. Date General Journal Debit Credit July 19, 2022

3. On July 19, 2022, a customer's account balance of $6,700 is written off as uncollectible. Record the write-off. (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 write off of actual bad debts. Note: Enter debits before credits. Date General Journal Debit Credit July 19, 2022

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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