Chocolate Obsession had the following balances at December 31, 2024, before the year-end adjustments: (Click the icon to view the balances.) The aging of accounts receivable yields the following data: (Click the icon to view the accounts receivable aging schedule.) Requirements 1. Journalize Chocolate's entry to record bad debts expense for 2024 using the aging-of-receivables method. 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Requirement 1. Journalize Chocolate's entry to record bad debts expense for 2024 using the aging-of-receivables method. (Re entry table.) Dec. Date 31 Bad Debts Expense Accounts Debit Credit Allowance for Bad Debts Recorded bad debts expense for the period. Requirement 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Allowance for Bad Debts Data table Accounts Receivable Allowance for Bad Debts 80,000 1,953 Print Done - Data table Accounts Receivable Estimated percent uncollectible: Age of Accounts Receivable Over 60 Days 5,000 x 23% Total Receivables 80,000 0-60 Days $ 75,000 $ x 3% Print Done - X