Accounting ror uncoiiectibie accounts using the allowance method aging-of-receivables) and reporting receivables on the balance sheet ur December 31, 2018, the Accounts Receivable balance of GPS Technology is 40000. The Allowance for Bad Debts account has a $24,110 debit balance. GPS Learning Objective 3 2. Allowance CR Bal. $25,360 Technology prepares the following aging schedule for its accounts receivable: Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days unts Receivable s 65,000 50,000 0,000 45,000 ated percent uncollectible 0.4% 3.0% 5.0% 48.0% Requirements 1. Journalize the year-end adjusting entry for bad debts on the basis schedule. Show the T-account for the Allowance for Bad Debts at De at December 31, 308 2. Show how GPS Technology will report its net accounts receivable on its December 31, 2018, balance sheet