uestion list

Precious Figurines Collection had the following balances at December $31,2024,$ before the year$-$end adjustments:

$($Click the icon to view the balances.$)$

Question $2$

The aging of accounts receivable yields the following data:

$($Click the icon to view the accounts receivable aging schedule.$)$

Requirements

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

Muestion $3$

$2.$ Prepare a T$-$account to compute the ending balance of Allowance for Bad Debts.

Data table

Data table

$\backslash$table$[[$Accounts Receivable,Age of Accounts Receivable$],[,-60$ Days,,Over $60$ Days,,Receivables$],[$$$,71,000,$$$,3,000,$$$,74,000],[$Estimated percent uncollectible,,$4\%,,20\%,,]]$