World Class Work Shoes had the following balances at December $31,2016,$ before the year$-$end adjustments: $($Click the icon to view the balances and accounts receivable aging schedule.$)$

Requirements

Journalize World Class' entry to record bad debts expense for $2016$ using the aging$-$of$-$receivables method.

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

Requirement $1.$ Journalize World Class' entry to record bad debts expense for $2016$ using the aging$-$of$-$receivables method. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Data table

The aging of accounts receivable yields the following data:

$\backslash$table$[[,$Age of Accounts Receivable$],[,0-60$ Days,Over $60$ Days,Total Receivables$],[$Accounts Receivable,$$71,000,$$$4,000,$$$75,000$