A company has determined that the length of time a receivable is outstanding is the most appropriate credit risk characteristic for

determining expected credit losses. The following is an aging schedule for the company's accounts receivable as at December $31,$

$2023$:

On December $31,2023,$ the unadjusted balance in the Allowance for Expected Credit Losses $($prior to the aging analysis$)$ was a credit

of $$20,000.$

$($a$)$

Your answer is partially correct.

Journalize the adjusting entry to record the expected credit losses on December $31,2023.($Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List all debit entries before credit entries.$)$