Al December 31, 2024, the Accounts Receivable balance of Austin Technology Group is $190,000. The Allowance for Bed Debts account has a $5,285 debit balance Austin Technology Group prepares the following aging schedule for its accounts receivable: 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 Bed Debts of December 31, 2024 Begin by determining the target balance of Allowance for Bad Debts by using the age of each account Age of Accounts 1-30 31-60 Total 81.90 Days Over 90 Days Days Days Balance Accounts Receivable $ $ 5.000 95.000 0.3 $ 65,000 40% $ 25,000 8.0 510 Estimated percent uncollectible Estimated total uncollectible Data table Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 95,000 $ 65,000 $ 25,000 $ 5,000 Accounts Receivable Estimated percent uncollectible 0.3% 4.0% 8.0% 51.0% Print Done