-20 (similar to) Question Help December 31, 2018, the Accounts Receivable balance of Foley Distribution Service is $100,000. The Alowance for Bad Debts account has a 35,180 debit balance. Folay Distribution Service prepares the folowing aging schedule for its accounts receivable: Click the icon to view the aging schedule.) Read the requirements Requirement 1. Joumalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Alowance for Bad Debts at December 31, 2018 Begin by determining the target balance of Allowance for Bad Detta by using the age of each count Age of Accounts 1-30 31-60 61-90 Over 90 Days Days Days Days Balance Accounts Receivable 70,000 $35.000 $ 30,000 $ 5.000 0.7 3.0 6.0 Estimated percent collectible Estimated to collectible Foral Check Emery number in the edit bields and then click Check Answer Clear All parts remaining MacBook Pro F : 1 0 9 % 5 8 7 6 2 3 4 2 0 1 U Y T R E W Q J K