Data table Accounts Receivable 13 Estimated percent uncollectible Age of Accounts - X 1-30 Days 31-60 Days 61-90 Days Over 90 Days S- 95,000 $ 40,000 $ 25,000 $ 5,000 0.7% 2.0% 7.0% 47.0% Print Done All Requirements 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 Solar Energy Manufacturing will report its net accounts receivable on its December 31, 2024, balance sheet. Print Done - X At December 31, 2024, the Accounts Receivable balance of Solar Energy Manufacturing is $165,000. The Allowance for Bad Debts account has a $3,415 debit balance. Solar Energy Manufacturing prepares the following aging schedule for its accounts receivable (Click the icon to view the aging schedule) Read the end Requirement 1. Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T-account for the Alowance 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 Age of Accounts 1-30 31-60 Days Days Accounts Receivable $ 95,000 $ 40,000 61-90 Days $ 25,000 Over 90 Total Days Balance $ 5,000 Estimated percent uncollectible 07 20% 70% 47.0% Estimated total uncollectible