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World Class Work Shoes had the following balances at December 31,2024, before the year-end adjustments:...

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Accounting

World Class Work Shoes 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 recervable aging schedule)
Requirements
Journalize World Class' entry to record bad debts expense for 2024 using the aging-of-receivables method
Prepare a T-account to compute the ending balance of Allowance for Bad Debts
\table[[Accounts Receivable,Age of Accounts Receivable],[,0-60 Days,,ver 60 Days,,Receivables],[$,60,000,$,6,000,$,66,000],[Estimated percent uncollectible,,4%,,24%,,]]
Data table
\table[[Accounts Receivable , Allowance for Bad Debts],[66,000]]
Requirement 1. Journalize World Class' entry to record bad debts expense for 2024 using the aging-of-receivables method (Record
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