$($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.

$\backslash$table$[[*,$Age of Accounts$],[1-30,,31-60,61-90,$Over $90,$Total$],[$Days$,,$Days,Days $.,$Days,Balance$],[$Accounts Receivable,$dots$65,000,$$$,50,000,$$$40,000,$$$,45,000,],[$Estimated percent uncollectible,$0\mathrm{.}4\%,,3\mathrm{.}0\%,5\mathrm{.}0\%,48\mathrm{.}0\%,],[$Estimated total uncollectible,,,,,Z$,]]$

Data table

$\backslash$table$[[$Accounts Receivable,Age of Accounts$],[,$Days,$31-60$ Days,$61-90$ Days,Over $90$ Days$],[$$$,65,000,50,000$$$,40,000$$$,45,000],[$Estimated percent uncollectible,,$0\mathrm{.}4\%,3\mathrm{.}0\%,5\mathrm{.}0\%,48\mathrm{.}0\%$