S8-8 (similar to) Falling Leaves Fumure Restoration had the flowing balances at December 31, 2018 before the year and adjustments mack the icon to view the balances and accounts receivable aging schedule) Requirements 1. Journalize Fating's try to record bad debts expense for 2018 using the aging-ofreceivable method 2. Prepare a account to compute the ending balance of lowance for Bad Debts Requirement 1. Joumaliza Palings entry to record bad debts experts for 2018 using the aging of receivables method. Record debits first, then credits. Select the explanation on the last ine of the journal entry Date Accounts Debat Creat Dec 31 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer Allowance for Bad Debts Accounts Receivable 79,000 1,560 The aging of accounts receivable yields the following data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts Receivable 75,000 $ 4,000 79,000 Estimated percent uncollectible X 4% x 21% $ Print Done