Need 1-4 To see companies within a particular country, either click on that country or use the search field in the upper left corner.To return to the map's global view, click on the Home icon in the upper left corner.Drawing from the data available, assess the following:1. Identify the three countries with the most favorable collection experience as measured by their receivables turnoverratios.2. Which country appears to have the most need of improvement in collection procedures as measured by itsreceivables turnover ratio?3. Which company in Peru is most responsible for that country's low turnover ratio?4. IBS has established estimates for percentages of outstanding accounts receivable that are past due for the followingperiods of time that will be uncollectible:2%5%10%15%20%0-30 days31-60 days61-90 days91-120 days>120 daysUsing these estimates, calculate the Allowance for Uncollectible Accounts for South Korea.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3 Required 4Identify the three countries with the most favorable collection experience as measured by their receivables turnoverratios. (Round your answers to 2 decimal places.)CountrySaudi ArabiaUnited KingdomUnited StatesReceivablesTurnover Ratio< Required 1Required 2 > Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024, Pearl provides services on accountof $572,000. Of this amount, $62,000 remains receivable at the end of the year. An aging schedule as of December 31,2024, is provided below.Age GroupNot yet due0 to 90 days past due91 to 180 days past dueMore than 180 days pastdueTotalReq 1AmountReceivableRequired:1. Calculate the allowance for uncollectible accounts.2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accountsbefore adjustment is $3,200 (credit).3. On July 19, 2025, a customer's account balance of $6,200 is written off as uncollectible. Record the write-off.4. On September 30, 2025, the customer whose account was written off in requirement 3 unexpectedly pays the fullamount. Record the cash collection.Req 2 to 4$22,00014,2009,20016,600$62,000Complete this question by entering your answers in the tabs below.Estimated PercentUncollectible5%10%30%80%Age GroupNot yet due0 to 90 days past due91 to 180 days past dueMore than 180 days past dueTotalCalculate the allowance for uncollectible accounts.EstimatedAmountUncollectible< Req 1Req 2 to 4 >

Note: We’ll answer the first question since the first question is research based hence we solve…

Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024, Pearl provides services on account of $572,000. Of this amount, $62,000 remains receivable at the end of the year. An aging schedule as of December 31, 2024, is provided below. Age Group Not yet due 0 to 90 days past due 91 to 180 days past due More than 180 days past due Total Amount Receivable $22,000 14,200 9,200 16,600 $62,000 Estimated Percent Uncollectible 5% 10% 30% 80% Required: 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $3,200 (credit). 3. On July 19, 2025, a customer's account balance of $6,200 is written off as uncollectible. Record the write-off. 4. On September 30, 2025, the customer whose account was written off in requirement 3 unexpectedly pays the full amount. Record the cash collection.

Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024, Pearl provides services on account of $572,000. Of this amount, $62,000 remains receivable at the end of the year. An aging schedule as of December 31, 2024, is provided below. Age Group Not yet due 0 to 90 days past due 91 to 180 days past due More than 180 days past due Total Amount Receivable $22,000 14,200 9,200 16,600 $62,000 Estimated Percent Uncollectible 5% 10% 30% 80% Required: 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $3,200 (credit). 3. On July 19, 2025, a customer's account balance of $6,200 is written off as uncollectible. Record the write-off. 4. On September 30, 2025, the customer whose account was written off in requirement 3 unexpectedly pays the full amount. Record the cash collection.

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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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
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. Estimated Amount Percent Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Receivable $27,000 14,700 9,700 15,600 $67,000 Uncollectible 4% 20% 25% 70% Total
! Requlred Informatlon [The following information applies to the questions displayed below.] 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. Amount Estimated Percent Age Group Not yet due e-9e days past due 91-180 days past due More than 18e days past due Receivable Uncollectible $38, 000 15, Bee 18, 8e0 13,400 $78,00e 3% 15% 20% 85% Total 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 requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date General Journal Debit Credit…
Requlred Information [The following information applies to the questions displayed below.] 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. Estimated Percent Uncollectible Amount Age Group Not yet due 8-90 days past due 91-180 days past due More than 1se days past due Receivable $38,00e 15,8e0 10, Bee 15% 20% 13,400 $78,080 85% Total Requlred: 1. Calculate the allowance for uncollectible accounts. Estimated Amount Uncollectible Age Group Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Total
! Requlred Informatlon [The following information applies to the questions displayed below.) 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. Amount Estinated Percent Age Group Not yet due e-90 days past due 91-180 days past due More than 180 days past due Total Receivable Uncollectible $38,000 3% 15,8e0 18, 800 13,400 15% 20% 85% $78,000 3. On July 19, 2022, a customer's account balance of $7.800 is written off as uncollectible. Record the write-off. (If no entry Is requlred for a particular transaction/event, "No Journal Entry Requlred" In the first account fleld.) 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
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