At December 31,2024 , the Accounts Receivable balance of Austin Technology Group is \\( \\$ 215,000 \\). The Allowance for Bad Debts account has a \\( \\$ 23,975 \\) debit balance. Austin Technology Group prepares the following aging schedule for its accounts receivable: (ClicR 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 Bad Debts at December 31, 2024. Begin by determining the target balance of Allowance for Bad Debts by using the age of each account. Data table 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 Bad Debts at December 31, 2024. 2. Show how Austin Technology Group will report its net accounts receivable on its December 31, 2024, balance sheet