Edit View 83% Wed History Bookmarks People Tab Window Help Do Homework - Rolly Moke mathxl.com/Student/PlayerHomework.aspx?homeworkld=553567068&questionid=1&flushed=false&cid=5847178¢erwil ments ot Secure McAfee renewal no www.123movies.gdn ons Rolly Moke & TO Save ACCT 2310 Principles of Accounting Homework: Chapter 8, Part 1 Score: 0.82 of 2 pts %E8-20 (open response) olly 4 of 6 (4 complete) HW Score: 51.48%, 6.69 of 13 pts nting Question Help At December 31, 2018, the Accounts Receivable balance of Digital Cable Company is $185,000. The Allowance for Bad Debts account has a $17,670 debit balance. Digital Cable Company prepares the following aging schedule for its accounts receivable: E (Click the icon to view the aging schedule.) Requirements 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2018. 2. Show how Digital Cable Company will report its net accounts receivable on its December 31, 2018, balance sheet. Requirement 1. Journalize the year end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2018. Ince Begin by determining the target balance of Allowance for Bad Debts by using the age of each account. Age of Accounts e) (0/2) $ 1-30 Days 70,000 0.1% 70 Accounts Receivable Estimated percent uncollectible 31-60 Days $ 60,000 2.0% $ 1,200 61-90 Days $25,000 10.0% $ 2,500 Total Balance $185,000 Over 90 Days $ 30,000 50.0 % $ 15,000 Estimated total uncollectible $ $18.770 Journalize the year-end adjusting entry for doubtful accounts on the basis of the aging schedule. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do bot abbreviate.) Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check