Question: Accounting for uncollectible accounts using the allowance method (aging- of-tables) and reporting receivables on the balance sheet At December 31, 2016, the Accounts Receivable balance

Accounting for uncollectible accounts using the allowance method (aging- of-tables) and reporting receivables on the balance sheet At December 31, 2016, the Accounts Receivable balance of TM Manufacturer is $230, 000. The Allowance for Bad Debts account has a $24,000 debit balance. TM Manufacturer prepares the following aging schedule for its accounts receivable: Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Allowance for Bad Debts at December 31, 2016. Show how I M Manufacturer will report its net accounts receivable on its December 31. 2016, balance sheet

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