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please help me solve this. At December 31, 2024, the Acoounts Recelvabln balance of Apha Company is $200,000. The Alowance for Bad Debts acoount hime
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At December 31, 2024, the Acoounts Recelvabln balance of Apha Company is $200,000. The Alowance for Bad Debts acoount hime a $14,210 debat balance. Apha Company prepares the following aging schedule for its scoounts receivable: (Click the ioon to view the aging schedule.) Read the roquirements. Requirement 1. Joumalize the year-end adjusting entry for bad debts on the basis of the oging schedule. Show the T-account for the Alowanoe for Bad Debts at December 31, 26ed Begin by dolemining the target balance of Alowance for Bad Debts by uting the age of each account. Data table for the Allowance fo Requirements 1. Joumalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2024. 2. Show how Alpha Company will report its net accounts receivable on its December 31,2024 , balance sheet Step by Step Solution
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