following aging schedule for its accounts receivable:

View the aging schedule.

Read the requirements.

Begin by determining the target balance of Allowance for Bad Debts by using the age of each account.

$\backslash$table$[[,$Age of Accounts$],[,1-30,31-60,61-90,$Over $90,$Total$],[,$Days,Days,Days,Days,Balance$],[$Accounts Receivable,$$,90,000,$$$,85,000,$$$,50,000,35,000,],[$Estimated percent uncollectible,,$0\mathrm{.}9\%,,2\mathrm{.}0\%,,6\mathrm{.}0\%,50\mathrm{.}0\%,],[$Estimated total uncollectible,,,,,,,,$]]$

Requirements

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 $31,2025.$

Show how GPC Technology will report its net accounts receivable on its December $31,2025,$ balance sheet.

Aging Schedule

$\backslash$table$[[,$Age of Accounts$],[,,$Days,,$1-60$ Days,$61-90$ Days,Over $90$ Days$],[$Accounts Receivable,$$,90,000,$$$,85,000$$$,50,000$$$,35,000],[$Estimated percent uncollectible,,$0\mathrm{.}9\%,,2\mathrm{.}0\%,6\mathrm{.}0\%,50\mathrm{.}0\%$