S8-8 (similar to) 3 Question Help World Class Work Shoes had the following balances at December 31, 2018, before the year-end adjustments: (Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. Journalize World Class' 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. Requirement 1. Journalize World Class' 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 Data Table Dec. 3 Accounts Receivable Allowance for Bad Debts 82,000 (1,595 The aging of accounts receivable yields the following data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts Receivable $ 76,000 $ 6,000 $ 82,000 Estimated percent uncollectible x 4% x 24% Print [Done] Print Done Choose from any list or enter any number in the input fields and then click Check