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Just need some help with this and the parts to follow also please! I will rate! Many thanks and God bless! S8-8 (similar to) Question
Just need some help with this and the parts to follow also please!
I will rate!
Many thanks and God bless!
S8-8 (similar to) Question Help Chocolate Obsession had the following balances at December 31, 2018, before the year-end adjustments: (Click the icon to view the balances.) The aging of accounts receivable yields the following data: E: (Click the icon to view the accounts receivable aging schedule.) Requirements 1. Journalize Chocolate's entry to record bad debts expense for 2018 using the aging-of-receivables method. 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Requirement 1. Journalize Chocolate's entry to record bad debts expense for 2018 using the aging-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit Dec x 31 Data Table Age of Accounts Receivable Over 60 Days Total Receivables $ 3,000 $ 69,000 x 23% $ 0-60 Days 66,000 2% Accounts Receivable Estimated percent uncollectible Print Done - X Data Table Allowance for Bad Debts Accounts Receivable 69,000 1,245 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining Clear All CheckStep by Step Solution
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