Try another version of this question At December 31, 2020, the Accounts Receivable balance of Becah's Bracelets is $231,000. The Allowance for Bad Debts account has a $24,900 debit balance. Becah's Bracelets prepares the following aging schedule for its accounts receivable: Journalize the year-end adjusting entry for bad debts on the basis of the aging schedule. Show the T account for the Allowance for Bad Debts at December 31, 2020. Title 0-30 days 31-60 days 61-90 days Over 90 days Total Receivables Accounts Receivable $75,200 $81,000 $35,400 $39,400 $231,000 Percent uncollectible 1 % 5 % 10 % 50 % Estimated total uncollectible Debit Credit Double line Double line Date Description Debit Credit December 31 December 31 Title 0-30 days 31-60 days 61-90 days Over 90 days Total Receivables Accounts Receivable $75,200 $81,000 $35,400 $39,400 $231,000 Percent uncollectible 1 % 5 % 10 % 50 % Estimated total uncollectible 752 4050 3540 19700 28042 Debit Credit 24,900 52,942 Double line Double line28,042 Date Description Debit Credit December 31 Bad Debt Expense 52,942 December 31 Allowance for Bad Debt 52,942