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.

48.0%

1.journalize the year end adjusting entry for bad debts on the basis of the aging schedule. show the t-accounts for the allowance for bad debts at December 31,2016.

2.show how tm manufacturer will report its net accounts receivable on its december 31,2016,balance sheet.