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Surf and Sun had the following balances at December 31, 2020, before the year-end adjustments: (Click the icon to view the balances and aging of
Surf and Sun had the following balances at December 31, 2020, before the year-end adjustments: (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Journalize Surf and Sun's entry to record bad debt expense for 2020 using the aging-of-receivables method. 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts 1. Journalize Surf and Sun's entry to record bad debt expense for 2020 using the aging of receivables method (Record debits first, then credits. Exclude explanations from journal entrie Journal Entry Date Accounts Debit Credit Dec 31 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts. (If a box is not used in the Taccount, leave the box empty: do not select a label or entera Allowance for Doubtful Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question he Type here to search 14 of 16 (7 complete) Decembe Balances and aging - X and aging bad-del ding bald Accounts Receivable Allowance for Doubtful Accounts ad-debt lan urnal E! 81.000 2,063 The aging of accounts receivable yields these data: Age of Accounts Receivable 0.60 Days Over 50 Days Total Receivables Accounts receivable $78,000 $3.000 581 000 Estimated percent uncollectible X 2% X 23% unts Print Done Hing balar! fots Oil in the input fields and then continue to the next question Surf and Sun had the following balances at December 31, 2020, before the year and adjustments (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Journalize Surf and Sun's entry to record bad-debt expense for 2020 using the aging of receivables method 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts UN cro Dec 31 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts. (If a box is not used in the T-account, leave the box empty; do not select a label or enter a zero.) Allowance for Doubtful Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search o S 5 6 8 R
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