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Homework: Homework CH8 Part 1 of 4 accounts receivable (Click the...

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Accounting

Homework: Homework CH8
Part 1 of 4
accounts receivable
(Click the icon to view the aging schedule )
Read the requirements.
Data table
Requirement 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule Show the T-account for th Begin by determining the target balance of Allowance for Bad Debts by using the age of each account
\table[[,Age of Accounts],[,1-30,31-60,61-90,Over 90,Total],[Accounts Receivable,Days,Days,Days,Days,Balance]]
\table[[,Age of Accounts],[,,Days,31-60 Days,61-90 Days,Over 90 Days],[Accounts Receivable,$,90,000$,75,000,35,000$,15,000],[Estimated percent uncollectible,,0.8%,50%,10.0%,49.0%
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