On December 31, 2018, the Accounts receivable balance of Foley Distribution Service is $178,000. The Allowance for uncollectible accounts has a $6,400 credit balance. Foley Distribution Service prepares the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the requirements. Requirement 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. 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.) Date Dec 31 Data table Journal Entry Accounts Debit Credit Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days Accounts receivable.. $90,000 $50,000 Estimated percentage uncollectible 0.1% 1.0% $30,000 8.0% $8,000 60% 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 $6,400 credit balance, the Allowance account has a $800 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. Print Done - X