Signoff Lamp Company had the following balances at December 31, 2018, before the year-end adjustments: E (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 Dec. 31 Data Table -X Accounts Receivable 77,000 Allowance for Bad Debts 1,177 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 2,000 $ 77,000 Estimated percent uncollectible x 2% x 21% Print Done