Homework: Chapter 8 Exercises Save HW Score: 46.59 % , 7.45 of 16 pts Score: 0.45 of 1 pt 10 of 16 (8 complete) S8-8 (similar to) EQuestion Help e following balances at December 31, 2018, before the year end adjustments Precious Figurines Collection had E(Click the icon to view the balances and accounts receivable aging schedule Requirements 1. Journalize Precious Figurines entry to record bad debls cxpense for 2018 using the aging-of-receivabies mcthod 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts Requirement 1. Journalize Precious Figurines' 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 31 Bad Debts Expense 263 Dec. X Data Tble Alkowarice for Bad Debls 263 Accounts Receivable Allowance Bad Debts. Recorded bad debis expense for t period 2,347 75,000 Requirement 2. Piepare a T-aount lo conpule the ending balance of Alowance for Bad Debls The auing of accounts recoivable yields folkowing dala Allowance for Bad Debts Age of Accounts Recelvable Ending Balance 2.347 Total Receivables Over 60 Days 0-80 Days 263 73.000 75 000 Accounts Receivable 2000 2,610 x 3% Estimated percent uncollectble x 21% ? Choose from any list or enter any number in the input fields and then click Check Answer, Print Done All parts showing swer