16 At December 31, 2020, the Accounts Receivable balance of Becah's Bracelets is $229,400. The Allowance for Bad Debts account has a $24,500 debit balance. Becah's Bracelets prepares the following aging schedule for its accounts receivable: 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, 2020. Title Accounts Receivable Percent uncollectible Estimated total uncollectible Date Allowance for Bad Debts December 31 $74,900 0-30 days 1% Submit All Parts Aging of Accounts Receivable 31-60 days 61-90 days $80,700 5% Description $34,700 10% Debit Credit Over 90 days $39,100 50% Total Receivables $229,400 D

At December 31,2020 , the Accounts Receivable balance of Becah's Bracelets is $229,400. The Allowance for Bad Debts account has a $24,500 debit balance. Becah's Bracelets prepares the following aging schedule for its accounts receivable: 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, 2020