Try another version of this question At December 31, 2020, the Accounts Receivable balance of Becah's Bracelets is $229,900. The Allowance for Bad Debts account has a $24,600 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 $75,500 $79,500 $34,300 $40,600 $229,900 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 $75,500 $79,500 $34,300 $40,600 $229,900 Percent uncollectible 1 % 5 % 10 % 50 % Estimated total uncollectible 755 3975 3430 20300 28460 Debit Credit 24,600 53,060 Double line Double line28,460 Date Description Debit Credit December 31 Bad Debt Expense 53,060 December 31 Allowance for Bad Debt 53,060