Question

requirement 1 journalize world class work shoes entry to record bad debts expense for 2025 using the aging - of - receivables method (record debits first, then credits. select the explanation on the last line of the journal entry table )
balances
accounts receivable: 96,000
allowance for bad debts: 1,000
accounts receivable aging schedule
age of accounts receivable
0 - 60 days over 60 days total receivables
accounts receivable: 90,000 6,000 96,000
estimated percent uncollectible: 1% 25%

Explanation:

Step1: Calculate estimated uncollectible amount

For 0 - 60 days: $60,000\times1\%=600$
For over 60 days: $6,000\times25\% = 1,500$
Total estimated uncollectible amount: $600 + 1,500=2,100$

Step2: Calculate bad debts expense

Bad debts expense = Total estimated uncollectible amount - Allowance for Bad Debts (beginning balance)
Bad debts expense = $2,100-1,000 = 1,100$

Step3: Record journal entry

Debit Bad Debts Expense for $1,100$ and Credit Allowance for Bad Debts for $1,100$

Answer:

Date	Accounts and Explanation	Debit	Credit
	Allowance for Bad Debts		$1,100$
	(To record bad debts expense using aging - of - receivables method)