The aging of accounts receivable yields these data: Amount receivable Age of Accounts Receivable 0-30 31-60 Days $70,000 X1% Days $20,000 2% 61-90 Days $10,000 Over 90 Days Total Receivables $4,000 $104,000 5% 50% Percent uncollectible. Journalize Hot Button's entry to adjust the allowance account to its correct balance at December 31, 20X1.