At December 31, 2018, the Accounts Receivable balance of Alpha Company is $205,000. The Allowance for Bad Debts account has a $19,180 debit balance. Alpha Company prepares the following aging schedule for its accounts receivable: : (Click the 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 Total Balance 1-30 Days 60,000 0.3% 31-60 Days $ 65,000 4.0% 6 1-90 Days $ 50,000 8.0% Over 90 Days $ 30,000 45.0% $ Accounts Receivable Estimated percent uncollectible R Estimated total uncollectible i Data Table Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days $ 60,000 0.3% 31-60 Days $ 65,000 4.0% 61-90 Days $ 50,000 8.0% Over 90 Days $ 30,000 45.0 % 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 Alpha Company will report its net accounts receivable on its December 31, 2018, balance sheet