Q12

Data table Requirements 1. Journalize 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 Solar Energy Manufacturing will report its net accounts receivable on its December 31,2024 , balance sheet. At December 31,2024 , the Accounts Receivable balance of Solar Energy Manufacturing is $250,000. The Allowance for Bad Debts account has a $25,940 debit balance. Solar Energy Manufacturing prepares the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the realuirements Requirement 1. Journalize 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. Begin by determining the target balance of Allowance for Bad Debts by using the age of each account