Question 10, EF8-21 (similar to) Part 3 of 4 HW Score: 16.58%, 1.66 of 10 points Points: 0.3 of 1 At December 31, 2024, the Accounts Receivable balance of Advanced Automotive Technology is $130,000. The Allowance for Bad Debts account has a $5,110 debit balance. Advanced Automotive Technology prepares the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Read the requirements KITO Days Days Days Days Balance Accounts Receivable Estimated percent uncollectible $ 60,000 0.6 $ 45,000 5.0. $ 20,000 10.0% $ 360 $ 2,250 $ 2,000 $ 5,000 50.0 2,500 $ 130,000 7.110 Estimated total uncollectible Joumalize the year-end adjusting entry for bad debts on the basis of the aging schedule. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Allowance for Bad Debts Dec. 31 Bad Debts Expense Debit Credit 12.220 12,220 Recorded bad debts expense for the period Show the T-account for the Allowance for Bad Debts at December 31, 2024, Allowance for Bad Debts Save