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Year-round Retreats had the following balances at December 31, 2024 before the year-end adjustments: Click the icon to view the balances) The aging of accounts
Year-round Retreats had the following balances at December 31, 2024 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 1. Journalize Year-round's entry to record bad debts expense for 2024 using the aging-of-receivables method. 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Data Table Data Table Accounts Receivable 75.000 Allowance for ad Debt 174 Accounts Recolvable Estimated percent collectie 0.00 Days 71000 - Age of Accounts Receivable Over Day Total Receivable 4.000 75 000 .244 PM Done Pent Dane Requirement 1. Journalize Year-round's entry to record bad debts expense for 2024 using the aging-of-receivables method (Record debits first, the Date 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
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