8-ZU (SI) Al December 31, 2018, the Accounts Receivable balance of GPC Technology is $195,000. The Allowance for Bad Debts account has a $13.000 de balance GPC Technology prepares the following aging schedule for its accounts receivable: Click the icon to view the aging schedule Read the requirements Requirement 1. Joumalize the year and adjusting entry for bad debts on the basis of the aging schedule Show the T-account for the Allowance for Bad Debts at December 31, 2018 Begin by determining the target balance of lowance for Bad Debits by using the age of each account Age of Accounts 1:30 61.00 Over 90 Total Days Days Days Balance Accounts Receivable $ 80.000 $ 45.000 $50,000 $ 20.000 Estimated percent uncollectible 08 2.0 Estimated total uncolectible 31-60 520 Enter any number in the edit fields and then click Check Answer Check Answer 3 Clear All remaining 41 PM i Requirements 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2018. 2. Show how GPC Technology will report its net accounts receivable on its December 31, 2018, balance sheet. 00 2. Print Done 3 parts remaining