Age of Accounts 1-30 31-60 61-90 Over 90 Days Days Days Days Accounts Receivable $ 70,000...

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Age of Accounts 1-30 31-60 61-90 Over 90 Days Days Days Days Accounts Receivable $ 70,000 $ 65,000 $ 20,000 $ 30,000 Total Balance $ 185,000 Estimated percent uncollectible 0.8% 2.0% 6.0% 55.0% $ 560 $ 1,300 Estimated total uncollectible $ 19,560 Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. (Record debits first, then credits. Select the last line of the journal entry table.) $ 1,200 $ 16,500 Date Dec. 31 Accounts and Explanation Debit Credit Age of Accounts 1-30 31-60 61-90 Over 90 Days Days Days Days Accounts Receivable $ 70,000 $ 65,000 $ 20,000 $ 30,000 Total Balance $ 185,000 Estimated percent uncollectible 0.8% 2.0% 6.0% 55.0% $ 560 $ 1,300 Estimated total uncollectible $ 19,560 Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. (Record debits first, then credits. Select the last line of the journal entry table.) $ 1,200 $ 16,500 Date Dec. 31 Accounts and Explanation Debit Credit

Answer rating: 100% (QA)

Date Accounts and Explanation Debit Credit Dec 31 Bad Debt Expense 19... View the full answer