S8-8 (similar to) Question Help O Signoff Lamp Company had the following balances December 31, 2018, before the year end adjustments: (Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. 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. 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 A Data Table Dec 31 Accounts Recevable 69,000 Allowance for Bad Debts 1,774 The aging of accounts receivable yields the following data: Age of Accounts Recelvable 0-60 Days Over 60 Days Total Receivables Accounts Receivable S 66,000 S 3,000 S 69,000 Estimated percent uncollectible x 2% x 17% Print Done Choose from any list or enter any number in the input fields and then click Check