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How did they get the recorder entry of 713?

Do Homework - Ashley Rangel - Google Chrome a https://www.mathx x?homeworkld-4958478008questionld-1&flushed-false&cld-5146234¢erwin-yes BUSI1A online section 1544 Fall 2018 Ashley Rangel & 10/16/18 9:53 PM Homework: Chapter 8 homework Score: 0.27 of 1 pt & S8-8 (similar to) Save 1 o1 7 (1 complete) HW Score: 3.9%, 0.27 of 7 pts Question Help World Class Work Shoes had the following balances at December 31, 2018, before the year-end adjustments EEB (Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. Journalize World Class entry to record bad debts expense for 2018 using the aging-of-receivables methoo 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Requirement 1. Journalize World Class' entry to record bad debts expense for 2018 using the aging-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit 1 Data Table Dec 31 Bad Debts Expense 713 Allowance for Bad Debts 713 Accounts Receivable Allowance for Bad Debts 72,000 1,987 Recorded bad debts expense for the period The aging of accounts receivable yields the following data: Requirement 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Age of Accounts Receivable 0-60 Days Over 60 Days 3,000 x2196 Allowance for Bad Debts Total Receivables 1,987 Beginning Balance Accounts Receivable S 69,000 72,000 Estimated percent uncollectible 3% This question is complete. Move your cursor over or tap on the red arrows to see incomect answers All parts showing PrintDone 9:53 PM O Type here to search 10/16/20182

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