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Surf and Sun had the following balances at December 31, 2016, before the year-end adjustments: Click the icon to view the balances and accounts receivable

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Surf and Sun had the following balances at December 31, 2016, before the year-end adjustments: Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. Journalize Surfs entry to record bad debts expense for 2016 using the aging-of-receivables method. 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Requirement 1. Journalize Surf's entry to record bad debts expense for 2016 using the aging-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dato Accounts Debit Credit Dec 31 Requirement 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts, Allowance for Bad Debts Data Table X Accounts Receivable 79,000 Allowance for Bad Debts 1,162 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 3% x 17% Print Done

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