Data table At December 31,2024 , the Accounts Receivable balance of Advanced Automotive Technology is $175,000. The Alowance for Bad Debts account has a $9,580 debit balance. Advanced Automotive Technology prepares the following aging schedule for its acoounts receivable: Click the ioon to view the aging schedule.) Read the reguirements. Requirement 1. Journalize the year-end adjusting entry for bad dobts 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 acoount. \begin{tabular}{|l|l|l|l|l|} \hline Date & & Accounts and Explanation & Debit & Credit \\ \hline Dec 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Show the T-account for the Allowance for Bad Dobts at December 31, 2024. Requirement 2. Show how Advanced Automotive Technology will report its net accounts receivable on its December 31, 2024, balance sheet. Balance Sheot (Partial): Current Assets: Data table At December 31,2024 , the Accounts Receivable balance of Advanced Automotive Technology is $175,000. The Alowance for Bad Debts account has a $9,580 debit balance. Advanced Automotive Technology prepares the following aging schedule for its acoounts receivable: Click the ioon to view the aging schedule.) Read the reguirements. Requirement 1. Journalize the year-end adjusting entry for bad dobts 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 acoount. \begin{tabular}{|l|l|l|l|l|} \hline Date & & Accounts and Explanation & Debit & Credit \\ \hline Dec 31 & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Show the T-account for the Allowance for Bad Dobts at December 31, 2024. Requirement 2. Show how Advanced Automotive Technology will report its net accounts receivable on its December 31, 2024, balance sheet. Balance Sheot (Partial): Current Assets