E9-20 Accounting for uncollectible accounts using the allowan (aging-of-receivables) and reporting receivabl ce methood Learn es on the balance sheet At December 31,2018, the Accounts Receivable balance of GPS Technology is 2. All $200,000. The Allowance for Bad Debts account has a s24,110 debit balance. GPS Technology prepares the following aging schedule for its acounts Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days 65,000 $ 50,00040,000 $45,000 Accounts Receivable 5.0% 48.0% Estimated percent uncollectible 0.4% 3.0%