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Before the quarter end adjustments, the March 2010 records of X Inc. includes these accounts: Accounts receivable... 250 000$ Allowance for doubtful accounts... 6

Before the quarter end adjustments, the March 2010 records of X Inc. includes these accounts: Accounts receivable... 250 000$ Allowance for doubtful accounts... 6 500$ At the year end, the company ages it receivables and adjusts the balance in Allowance for doubtful accounts to correspond to the aging schedule Accounts Receivable Aging Table: 1-30 Days 170 000$ -0,2% 31-60 40 000$- 1% 61-90 19 000$- 5% 90 21 000$ - 30% Record the calculations and transactions below: The Account Receivable ledger has an ending balance of The Net Accounts Receivables on the Balance Sheet 2020 should be: The journal entry required for the adjustment in December 2020 is:

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