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A summary of London Fashion's December 3 1 , 2 0 2 4 , accounts receivable aging schedule is presented below along with the estimated

A summary of London Fashion's December 31,2024, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:
Age Group Amount %
060 days $40,0000.5%
6190 days $15,0001.5%
91120 days $2,00015.0%
Over 120 days $80080.0%
The allowance for uncollectible accounts had a balance of $1,600 at January 1,2024. During the year bad debts of $1,150 were written off.
Prepare all 2024 journal entries with respect to bad debts and the allowance for uncollectible accounts.

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