I just need help the question 8 LO 9.2. I am not understanding this.

percentage is 6.8%. What is the bad debt estimation for the year using the income statement method? LO 9.2 Aron Larson is a customer of Bank Enterprises. Mr. Larson took out a loan in the amount of $120,000 on August 1. On December 31, Bank Enterprises uses the allowance method and determines the loan to be uncollectible. Larson had not paid anything toward the balance due on account. What is the journal entry recording the bad debt write-off? 9. LO 9.2 The following accounts receivable information pertains to Growth Markets LLC