at December 31,2016 the accounts receivable balance of tm manufacturer is 230,000, the allowance for bad debts account has a 24,000 debit balance.tm manufacturer prepares the following aging schedule for its accounts receivable.

AGE OF ACCOUNTS

1-30days 31-60days 61-90days over 90 days

accounts receivable 75,000 80,000 35,000 40,000

estimated percent uncollectable 0.8% 4.0% 6.0% 48.0%

1.journalize the year end adjusting entry for bad debts on the basis of the aging schedule. show the t-accounts for the allowance for bad debts at December 31,2016.

2.show how tm manufacturer will report its net accounts receivable on its december 31,2016,balance sheet.