E9-20 Accounting for uncollectible accounts using the allowance meth od Learning objective (aging-of-receivables) and reporting receivables on the balance sheet At December 31, 2018, the Accounts Receivable balance of GPS Technology is S200,000. The Allowance for Bad Debts account has a $24,110 debit balance. GPS Technology prepares the following aging schedule for its accounts receivable 2. Allowance CR Bal. $25,360 Age of Accounts 31-60 Days 61-90 Days Over 90 Days 1-30 Days $ 65,000 0.4% 50,000 $ 40,000 $45,000 5.0% Accounts Receivable 3,0% 48.0% stimated percent uncollectible 0