Homework: Homework CH$8$

Part $1$ of $4$

accounts receivable

$($Click the icon to view the aging schedule $)$

Read the requirements.

Data table

Requirement $1.$ Journalize the year$-$end adjusting entry for bad debts on the basis of the aging schedule Show the T$-$account for th Begin by determining the target balance of Allowance for Bad Debts by using the age of each account

$\backslash$table$[[,$Age of Accounts$],[,1-30,31-60,61-90,$Over $90,$Total$],[$Accounts Receivable,Days,Days,Days,Days,Balance$]]$

$\backslash$table$[[,$Age of Accounts$],[,,$Days,$31-60$ Days,$61-90$ Days,Over $90$ Days$],[$Accounts Receivable,$$,90,000$$$,75,000,35,000$$$,15,000],[$Estimated percent uncollectible,,$0\mathrm{.}8\%,50\%,10\mathrm{.}0\%,49\mathrm{.}0\%$