ACC 201-CRN 86029-Spring 2019 Riley Cabanero & I3/6/19 12:00 AM Homework: Chapter 8 HW n Score: 0 of 1 pt 4of5@complete) HW Score: 0%, 0 of 5 pts E8-20 (similar to) EQuestion Help Al Decamber 31, 2018,the Accounts Recevable balance of Solar Enengy Manufachuring in $230,000. The Alowance for Bad Debte account has a $10 875 doblt balance. Solar Energy Manufacturing prepares the following aging schedule for its accounts receivable (Click te icon to view the aging schedule.) Read the requirements Requirement 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 Begin by determining the target balance of Allowance for Bad Debts by using the age of each account. Age of Accounts 61-90 Days 1-30 Over 90 Days 31-60 Total Days Days Balance Accourts Recelvable 95.000 5,000 46000 25,000 Accounts Receivable Estimated percent uncollectible Estimated total uncollectible 0.5 2.0 10.0 51.0 % ance for Bad I Data Table ta Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days S 95,000 $ 65,000 45,000 25,000 Accounts Receivable Estimated percent uncollectible 0.5 % 2.0 % 10.0 % 51.0 % ib Print Done e year-eod adi unt for the Allowance Requirements et balar 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. S2. Show how Solar Energy Manufacturing will report its net accounts receivable on its December 31, 2018, balance sheet. le Print Done