ome V GO GO LGO ALGO yeyem.. NEW CengageNOWv2 | Online teaching and Notifications may include alerts, sounds, and icon badges. eBook Show Me How Print tem No entry b. Journalize the transactions under the allowance method, assuming that the allowance account had a beginning balance of $29,340 at the beginning of the year and the company uses the analysis of receivables method. Rustic Tables Company prepared the following aging schedule for its accounts receivable: Aging Class (Number Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts of Days Past Due) 0-30 days $469,000 3% 31-60 days 176,000 7 61-90 days 56,000 91-120 days 21,000 28,000 More than 120 days Total receivables $750,000 June 8 Accounts Receivable-Kathy Quantel 29,340 Cash Aug. 14 29,340 000 30 50 85