Question 4, S8-8 (similar to) Signoff Lamp Company 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 Journalize Signoff'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. 1. Requirement 1. Journalize Signoff'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. 31 Bad Debts Expense - X Data Table Accounts Receivable 79,000 Allowance for Bad Debts 1,757 Data Table -X Print Done 0-60 Days Age of Accounts Receivable Over 60 Days Total Receivables $ 3,000 $ 79,000 23% Accounts Receivable $ 76.000 Estimated percent uncollectible x 4% Print Done