At December 31, 2020 the Accounts Receivable balance of Albert Company is $332,000. The Allowance for Doubtful Accounts has a(n) $10,300 credit balance. Accountants for Albert Company prepare the following aging schedule for its accounts receivable: (Click the icon to view the aging schedule.) Required 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule. Show the T-account for the allowance at December 31, 2020 2. Show how Albert Company will report Accounts Receivable on its December 31, 2020, balance sheet. 3. Suppose all the facts of this situation are the same except that Allowance for Doubtful Accounts has a $900 debit balance Calculate the amount of the adjusting entry ..* Requirement 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule. She Begin by journalizing the adjusting entry. (Record debits first, then credits. Exclude explanations to Aging schedule - Journal Entry Date Accounts Debit Credit Age of Accounts Receivable Dec 31 1-30 61-90 Over 90 31-60 Days Days Days $76.000 586.000 Days Total $22.000 $332.000 Accounts Receivable Estimated percent uncollectible Allowance Needed $ 148.000 1.0% 50% 80% 60.0% Now, prepare the T-account for Allowance for Doubtful Accounts (If a box is not used in the T-accou Allowance for Doubtful Accounts Print Done Type here to search BI 0C M 9:04 PM EMG