Precious Figurines Collection 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 Precious Figurines' 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 Precious Figurines' entry to record bad debts expense for 2024 using the aging-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit 31 Dec. Data Table Accounts Receivable 75,000 Allowance for Bad Debts 1,524 Age of Accounts Receivable Total 0-60 Days Over 60 Days Receivables $ 72,000 $3,000 $ 75,000 Accounts Receivable Estimated percent uncollectible x 2% * 15%