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Year round Retreats had the following balances at December 31, 2018, before the year-end adjustments: EE(Click the icon to view the balances and accounts receivable

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Year round Retreats had the following balances at December 31, 2018, before the year-end adjustments: EE(Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. Journalize Year - round's entry to record bad debts expense for 2018 using the aging-of-receivables method Prepare a T-account to compute the ending balance of Allowance for Bad Debts. 2. Requirement 1. Journalize Year -round'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 Data Table Dec. 31 Accounts Receivable Allowance for Bad Debts ,030 69,000 The aging of accounts receivable yields the following data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts Receivable $ 66,000 3,000 $ 69,000 Estimated percent uncollectible x 4% x 25% Print Done Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Check Answer Clear All

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