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World Class Work Shoes had the following balances at December 31, 2018, before the year-end adjustments: (Click the icon to view the balances.) The aging
World Class Work Shoes had the following balances at December 31, 2018, before the year-end adjustments: (Click the icon to view the balances.) The aging of accounts receivable yields the following data: (Click the icon to view the accounts receivable aging schedule.) Requirements Journalize World Class' 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. Joumalize World Class' 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 Date Accounts Dec Debit Credit 31 Bad Debts Expense Allowance for Bad Debts 2730 Data Table Recorded bad debts expense for the period. Accounts Receivable Allowance for Bad Debts 66,000 2004 Data Table Age of Accounts Receivable 0-60 Days Over 60 Days Accounts Receivable Total Receivables 08.000 9 31000 6 5.000 Choose from any list or enter any i Estimated percent uncollectible 398 41899
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