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Brown Importers Inc had the following balances at December 31, 2020, before the year-end adjustments Click the icon to view the balances and aging of

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Brown Importers Inc had the following balances at December 31, 2020, before the year-end adjustments Click the icon to view the balances and aging of accounts receivable schedule.) Journalize Brown Importers Inc's entry to adjust the Allowance account to its correct balance at December 31, 2020 2. Prepare the T-account for Allowance for Doubtful Accounts 3. Repeat requirement 1 assuming that instead of aging the accounts the allowance is calculated as 4.5 percent of the Accounts Receivable balance 1. 1. Journalize Brown Importers Inc 's entry to adjust the allowance account to as correct balance at December 31 2020. (Record debits for the credits. Exclude explanations from journal entries e Alloy coun Balances and Aging of Accounts Receivable -X ing the allowa lanations f Accounts Receivable Allowance for Doubtful Accounts 166.000 5.000 The aging of accounts receivable yields these data Age of Accounts Receivable 0.60 Days Over 60 Days Total Receivables Accounts receivable $154.000 812.000 S166.000 Percent uncollectible 4% 2298 Print Done Tournal Entry Desit Date accounts. cedut Allowance for Loubtful accounts Debit cumut Beg Bal ANG Ady End Sal (3) Townal Entry accounts Debit creout Date Dec 3h

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