Question 10, EF8-21 (similar to) Part 4 of 4 HW Score: 24.55%, 2.46 of 10 points Points: 0.42 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 Data table Save Date Accounts and Explanation Dec. 31 Bad Debts Expense Allowance for Bad Debts Recorded bad debts expense for the period. Show the T-account for the Allowance for Bad Debts at December Allowance for Bad Debts Unadj. Bal 5,110 12,220 Adj Age of Accounts Accounts Receivable 1-30 Days $ 60,000 $ Estimated percent uncollectible 0.6% 31-60 Days 45,000 $ 5.0% 61-90 Days Over 90 Days 20,000 $ 10.0% 5,000 50.0% Print Done 7,110 Dec. 31 2024 Bal.) Requirement 2. Show how Advanced Automotive Technology will report its net accounts receivable on its December 31, 2024, balance sheet. Balance Sheet (Partial): Current Assets: s example Get more help- Clear all Check answer