Question Help On December 31, 2018, the Accounts receivable balance of Alterations Express is $218,000. The Allowance for uncollectible accounts has a $6.400 credit balance. Alterations Express prepares the following aging schedule for its accounts receivable m Click the icon to view the aging schedule) Read the RO 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) Journal Entry Date Accounts Debit Credit Dec 31 Choose from any list of enter any number in the input fields and then continue to the next question Requirement 2. Assume that instead of a $6.400 credit balance, the Allowance account has a $300 debit balance before adjustment. Journalize the year and 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 and adjusting entry for uncollectible accounts in the journal (Record debit first, then credits Exclude explanations from any oumal entries) Journal Entry 0 10 VL10,UUU. ine Allowance for uncollectible accounts has a $6,400 credit b Data Table Over 90 Days Age of Accounts 31-60 Days 61-90 Days $65,000 $45,000 3.0% 1-30 Days $90,000 0.5% Accounts receivable Estimated percentage uncollectible .... $18,000 60% 6.0% Print Done] ny number in the input fields and then continue to the next