Al December 31, 2024, Do Accounts Receivable balance of Foley Distribution Services $220.000 The Allowance for Bad Debts court has a 525 240 dobit balano Foley Distribution Service prepares the following aging schedule for its counts receivable Click the icon to w moiche Read memes Day Begin by determining the target balance of Alowance Bad Debts by using the age of each count Age of Account 1-30 31-60 61.90 Over Total Dar Days Days Balance Acousce 5 80.000 $ 70.000 50,000 $40.000 $ 220,000 Estimated percent uncoba 03 50 BO 630 Eimates total colectie 240 $ 3.500 1.000 $ 21,200 3.26,740 Journize the year-end dry for bad dot on the softne ang schedulcords in the nation on the line of the many to Date Accounts and Explanation Det Credit Dec 31 Bad Debit per 61.000 Allowance for Bol Dots 1500 Show the account of the Alware for ad Debte December 31, 2004 Allowance for Bad Debts Una Bor 25.240 Dec 31 2004 23510 Choose from any it or enter any number in the input fields and then click Check Arewer Help Me Solve This e Text Pages Get More Help Clear All Check Answ December 31, 2024, the Accounts Receivable balance of Foley Distribution Services $220.000. The lowance for Bad Dobes account as $25.240 debt balance. Foley Distribution Service powo the talowing aging schedule to be mok the icon to ww the aging schedule) Read more Requirement 1. Journals the yewend justing entry for bad debts on the basis of the aging schedule. Show Taccount for the lowce for Bad Oetta at December 31, 2024 Begin ty termining the target balance of Allowance for Bad Debts by using the age of each count Age of Accounts 1-30 31-60 Over 10 Total Days Daya Days Days Balance Account Recent 500.000 5 70.000 $ 30,000 $40.000 5220.000 mated procese 03. 00 240 Estimated to collectie 3.500 $ 1800 121200 120740 Jumle the year and adjusting entry for addetts on the basis of the song wheels father the content many Date Accounts and planation Debit Credit Dec 31 Bad Debit pe 51.00 Allowance for blade 5190 Recorded ad conse for the period Show the account for the Alowance for Bad De December 31, 2024 Allowance for Bad Debts Unatt 25.240 Choose from any list or enter any number in the input fields and then click Check Answe Ots on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2 s by using the age of each account. ge of - X 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, 2024. 2. Show how Foley Distribution Service will report its net accounts receivable on its December 31, 2024, balance sheet. entry s of the Print Done ber 31, 2024. ... For bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2024. Bad Debts by using the age of each account. - - Data Table -60 ays 20,00 Age of Accounts 5 3,50 Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 80,000 $ 70,000 $ 30,000 $ 40,000 0.3% 5.0% 6.0% 53.0% the b n Print Done December 31, 2024
