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At December 31, 2024, the Acoounts Receivablo bwlance of Advanced Autpmotive Technobgy is $130,000. The...

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At December 31, 2024, the Acoounts Receivablo bwlance of Advanced Autpmotive Technobgy is $130,000. The Alowance for Bed Debis socount has a $5,110 debat belance. Advanced Automotve Technology prepares the following aging schedule for ths accounts receivable: (Cick the loon to vew the aging schedule.) Read the recuriements. Requirement 1. Soumalke the year-end adjusting enty for bad debts on the basis of the aging schedule. Show the T.ecoount for the Alowance for Bad Debls at December 31 , 2024. Begh by delemining the target balance of Alowance for Bnd Debts by using the age of each account. Data table Requirements 1. Journalite the year-end adjusting entry for bad debts on the basis of the aging schedve. Show the T-aocount for the Alowance for Bad Debts at Decenber 34, 2024. 2. Shew how Advanced Automotio Technology will report his nat accounts receivable on is Dechember 31, 2024, balance sheet

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