Enable text based alternatives for graph display and drawing entry

Try another version of this question

On Sore Feet Work Boots had the following balances at December 31, 2020, before the year-end adjustments:

Accounts Receivable
DebitCredit
78,500
 
Double line78,500Double line 

 

Allowance for Bad Debts
DebitCredit
 1,110
 
Double line Double line1,110

 

The aging of accounts receivable yields the following data:

Aging of Accounts Receivable
0-60 daysOver 60 daysTotal Receivables
Accounts Receivable $73,400 $5,100 $78,500
Estimated % uncollectible 3 % 24 %
Estimated total uncollectible

Journalize On Sore Feet Work Boots entry to record bad debts expense for 2020 using the aging-of-receivables method.

Journal
DateDescriptionDebitCredit
December 31
December 31

Prepare a T account to compute the ending balance of Allowance for Bad Debts.

Allowance for Bad Debts
DebitCredit
Double lineDouble line