At December 31, 2020, the Accounts Receivable balance of Albert Company is $324,000. The Allowance for Doubtful Accounts has a(n) 59,900 credit balance Accountants for 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 shoot 3. Suppose all the facts of this situation are the same except that Allowance for Doubtful Accounts has a $1,500 debit balance Calculate the amount of the adjusting entry 3 of 3 (1 complete) e of Albert Company is $324,000. The Allowance for Doubtful Accounts has a(n) $9,900 credit balance Accountants for Albe Aging Schedule - X Age of Accounts Receivable 1-30 31-60 61-90 Over 90 Days Days $144,000 $82.000 Accounts Receivable Estimated percent uncollectible Allowance Needed Days $76,000 8.0% Days Total $22.000 $324,000 50.0% 1.5% 30% Print Done jelds and then continue to the next question 59,900 credit balance. Accountants for Albert Company prepare the following aging schedule