At December 31, 2020, the Accounts Receivable balance of Digital Electronics is $340,000 The Allowance for Doubtful Accounts has a(n) $10,100 credit balance Accountants for Digital Electronics prepare the following aging schedule for its accounts receivable i (Click the icon to view the aging schedule.) Inco 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 Digital Electronics 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 $1.500 debit balance Calculate the amount of the adjusting entry Requirement 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule Show the T-account for the allowance at December 31 2020 Begin by journalizing the adjusting entry (Record debits first, then credits Exclude explanations from journal entries.) Journal Entry Accounts Debit Date Credit Dec 31 aguig Its accounts receivable to view the aging schedule Aging schedule - X O bount of the Age of Accounts Receivable 1-30 31-60 61-90 Over 90 Days Days Days Days Total Accounts Receivable $140,000 $86,000 $86 000 $28.000 S340 000 mber 31, 2020 Estimated percent uncollectible 0 5% 50% 90% 55 0% Allowance Needed Print Done