Question: Requirement 1 . Journalize the year - end adjusting entry for bad debts on the basis of the aging schedule. Show the T - account

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 DecemberDecember 3131,20162016.
Begin by determining the target balance of Allowance for Bad Debts by using the age of each account.

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