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Homework: Ch 9 Homework B - Graded Save Score: 0 of 3 pts 3 of 6 (6 complete) HW Score: 85.71%, 18 of 21 pts X EF9-21 (similar to) 3 Question Help At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Technology is $180,000. The Allowance for Bad Debts account has a $12.810 debit balance. Advanced Automotive Technology prepares the following aging schedule for its accounts receivable: E: (Click the icon to view the aging schedule.) Read the requirements Requirement 1. 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, 2024. Begin by determining the target balance of Allowance for Bad Debts by using the age of each account. Age of Accounts 1-30 31-60 61-90 Over 90 Total Days Days Days Balance $ 180,000 Accounts Receivable $ 90,000 $ 40,000 Days 30,000 9.0 % $ $ 20,000 0.9% 2.0% Estimated percent uncollectible 48.0 % Estimated total uncollectible Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check Answer Type here to search DI 1:16 PM 10/13/2020 Homework: Ch 9 Homework B - Graded Save Score: 0 of 3 pts 3 of 6 (6 complete) HW Score: 85.71%, 18 of 21 pts X EF9-21 (similar to) 3 Question Help At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Technology is $180,000. The Allowance for Bad Debts account has a $12.810 debit balance. Advanced Automotive Technology prepares the following aging schedule for its accounts receivable: E: (Click the icon to view the aging schedule.) Read the requirements. Requirements x lecember 31, 2024 Requirement 1. Journalize the year-end adjusting entry for bad debts Begin by determining the target balance of Allowance for Bad Debts Age 1-30 31-60 1. 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, 2024 2. Show how Advanced Automotive Technology will report its net accounts receivable on its December 31, 2024, balance sheet. Days Days Accounts Receivable $ 90,000 $ 40,000 0.9% Estimated percent uncollectible 20% Print Estimated total uncollectible Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check Answer Type here to search 1:16 PM 10/13/2020 Homework: Ch 9 Homework B - Graded Save Score: 0 of 3 pts 3 of 6 (6 complete) HW Score: 85.71%, 18 of 21 pts X EF9-21 (similar to) Question Help At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Technology is $180,000. The Allowance for Bad Debts account has a $12.810 debit balance. Advanced Automotive Technology prepares the following aging schedule for its accounts receivable: E: (Click the icon to view the aging schedule.) Read the requirements Data Table Debts at December 31, 2024. Requirement 1. Journalize the year-en Begin by determining the target balanc Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 90,000 $ 40,000 $ 30,000 $ 20,000 0.9% 2.0% 9.0% 48.0% Accounts Receivable Estimated percent uncollectible Estimated percent uncollectible Estimated total uncollectible Print Done Enter any number in the edit fields and then click Check Answer. ? parts remaining Clear All Check Answer Type here to search 1:16 PM 10/13/2020