E7-23A (book/static) Question Help On December 31, 2018, the Accounts receivable balance of TDS Distribution, Inc., is $194,000. The Allowance for uncollectible accounts has a $1,200 credit balance TDS Distribution, Inc., 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 uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on December 31, 2018 Begin by recording the year end adjusting entry for uncollectible accounts in the journal (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Debit Credit Credit Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Clear All Check Answer 1 Data Table Age of Accounts 31-60 Days 61-90 Days $45,000 $25,000 5.0% 6.0% 1-30 Days $110,000 0.6% Accounts receivable Estimated percentage uncollectible .... Over 90 Days $14,000 35% Print Print Done Done] * Requirements 1. 2. Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on December 31, 2018. Assume that instead of a $1,200 credit balance, the Allowance account has a $700 debit balance before adjustment. Journalize the year-end adjusting entry for uncollectible accounts on the basis of the aging schedule. Calculate the resulting ending balance of the Allowance account based on the account aging. Show the T-account for the Allowance on December 31, 2018. Print Done