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Accounting need help ?? V. A summary of Paris Fashion's December...

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Accounting

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V. A summary of Paris Fashion's December 31, 2018, accounts receivable aging schedule is presented below along with the estimated percent uncollectible percentage for each age group Age Group 0-60 days 61-90 days 91-120 days Over 120 days Uncollectible %, mount $40,000 15,000 2,000 1.5 15.0 80.0 800 The allowance for uncollectible accounts had a credit balance of $1,600 at January 1, 2018. Bad debts of $1,150 were written off during the year. Required: Prepare al 2018 journal entries with respect to bad debts and the allowance for uncollectible account

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