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x 58-8 (similar to) Question Help World Class Work Shoes had the following balances at December 31, 2018, before the year-end adjustments: (Click the icon to view the balances and accounts receivable aging schedule.) Requirements 1. 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. Journalize 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 entry table.) Date Accounts Debit Credit i Data Table Bad Debts Expense 2,885 Allowance for Bad Debts Dec. 2,885 Allowance for Bad Debts Accounts Receivable 82,000 1,595 Recorded bad debts expense for the period. Requirement 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Allowance for Bad Debts The aging of accounts receivable yields the following data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts Receivable $ 76,000 $ 6,000 $ 82,000 Estimated percent uncollectible x 4% x 24% Print Done Choose from any list or enter any number in the input fields and then click Check

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