Signoff Lamp Company 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

Journalize Signoff's entry to record bad debts expense for $2024$ using the aging$-$of$-$receivables method.

Prepare a T$-$account to compute the ending balance of Allowance for Bad Debts. the journal entry table.$)$

Data table

Data table

$\backslash$table$[[$Accounts Receivable,Age of Accounts Receivable$],[0-60$ Days,Over $60$ Days,Total Receivables$],[$$$,67,000,$$$,5,000,$$$,72,000],[$Estimated percent uncollectible,,$3\%,,23\%,,]]$

$\backslash$table$[[$Accounts Receivable,Allowance for Bad Debts$],[72,000,2,244]]$