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At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Tech Advanced Automotive Technology prepares the following aging schedule for its account (Click
At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Tech Advanced Automotive Technology prepares the following aging schedule for its account (Click the icon to view the aging schedule.) Read the requirements. Accounts Receivable Estimated percent uncollectible Estimated total uncollectible Days Days Days D 60,000 $ 45,000 $ 20,000 $ 0.6 5.0 10.0 % 360 $ 2,250 $ 2,000 S Debit 12,220 Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Date Accounts and Explanation Dec. 31 Bad Debts Expense Allowance for Bad Debts Recorded bad debts expense for the period. Show the T-account for the Allowance for Bad Debts at December 31, 2024. Allowance for Bad Debts Adj. cs example Get more help Unadi. Bal. 580 47 800 3 88 44 MacBook Air % 85
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