Business, 18.06.2021 16:10 tysisson9612

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. Age Group Amount
Receivable Estimated Percent Uncollectible
Not yet due $ 38,000 3 %
0-90 days past due 15,800 15 %
91–180 days past due 10,800 20 %
More than 180 days past due 13,400 85 %
Total $ 78,000
Required:

1. Calculate the allowance for uncollectible accounts.

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Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2021, Pearl provides...

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