Recording Transactions for Uncollectible Accounts at Pearl E

Required information Problem 5-4A Record transactions related to uncollectible accounts (LO5-4, 5-5) 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 $582,000. Of this amount, $72,000 remains receivable at the end of the year. An aging schedule as of December 31, 2021, is provided below. Estimated Amount Percent Age Group Receivable Uncollectible Not yet due $32, 000 4% 0-90 days past due 15, 200 15% 91-180 days past due 10, 200 209 More than 180 days 14, 600 85% past due Total $72, 000 Problem 5-4A Part 1 Required: 1. Calculate the allowance for uncollectible accounts. Estimated Age Group Amount Uncollectible Not yet due 0-90 days past due 91-180 days past due More than 180 days past due Tota