World Class Work Shoes 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 1. Journalize World Class' entry to record bad debts expense for 2024 using the aging-of-receivables method. 2. 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 2024 using the aging-of-receivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit Dec. 31 Data table Accounts Receivable Allowance for Bad Debts 66,000 1,899 Requirement 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts. Allowance for Bad Debts Print Done x Data table 0-60 Days Age of Accounts Receivable Over 60 Days Total Receivables $ 5,000 $ 66,000 $ 61,000 Accounts Receivable Estimated percent uncollectible x 4% x 22%