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following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the T-account for the Allowance on December 31, 2018.

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following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read 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.) Data table Requirements 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. 2. Assume that instead of a $6,500 credit balance, the Allowance account has a $500 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

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