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.) Accounts Debit Credit Date Dec. 31 igurines Co con nad the following balances at December 31, 2024, berore the year-end adjustments the icon to view the balances.) of accounts receivable yields the following data: the icon to view the accounts receivable aging schedule.) ents ze Pre a T-al Data Table meth Allowance for Bad Debts Accounts Receivable 74,000 ent 1. ecord bf-rec 1,297 e Cred Print Done - Data Table Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables 71,000 $ 3,000 $ 74,000 x 2% x 21% $ Accounts Receivable Estimated percent uncollectible Print Done