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Tropic Lightning had the following balances at December 31, 2020, before the year-end adjustments: Click the icon to view the balances and aging of accounts
Tropic Lightning 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 Tropic Lightning's entry to record bad debt expense for 2020 using the aging-of-receivables metho 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts 1. Journalize Tropic Lightning's entry to record bad-debt expense for 2020 using the aging-of-receivables method. (Record debits first, then crem Journal Entry Accounts Date 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 T-account, leave the bu Allowance for Doubtful Accounts Debit Credit bad-det ng balar i Balances and aging rnal Ent its Accounts Receivable 164,000 Allowance for Doubtful Accounts 4,600 The aging of accounts receivable yields these data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts receivable $156,000 $8,000 $164,000 Estimated percent uncollectible X 4% X 27% ing baland bt select dit Print Done
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