Try another version of this question At December 31, 2020, the Accounts Receivable balance of Becah's Bracelets is $229,100. The Allowance for Bad Debts account has a $25,000 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 $75,700 $79,200 $34,800 $39,400 $229,100 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 $75,700 $79,200 $34,800 $39,400 $229,100 Percent uncollectible 1 % 5 % 10 % 50 % Estimated total uncollectible 757 3960 3480 19700 27897 Debit Credit 25,000 52,897 Double line Double line27,897 Date Description Debit Credit December 31 Bad Debt Expense 52,897 December 31 Allowance for Bad Debt 52,897