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Dragon Importers Inc. had the following balances at the end of the year, before the year-end adjustments. (Click the icon to view the balances and
Dragon Importers Inc. had the following balances at the end of the year, before the year-end adjustments. (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Prepare the T-account for Allowance for Doubtful Accounts. 2. Journalize Dragon Importers Inc.'s entry to adjust the Allowance account to its correct balance at year end. 3. Repeat requirement 2 assuming that, instead of aging the accounts, the allowance is calculated as 4.5 percent of the Accounts Receivabl 2. Inrnalize ran Balances and Aging of Accounts Receivable Dragon Importers Inc. had the following balances at the end of the year, before the year-end adjustments. (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Prepare the T-account for Allowance for Doubtful Accounts. 2. Journalize Dragon Importers Inc.'s entry to adjust the Allowance account to its correct balance at year end. 3. Repeat requirement 2 assuming that, instead of aging the accounts, the allowance is calculated as 4.5 percent of the Accounts Receivable balance. Dragon Importers Inc. had the following balances at the end of the year, before the year-end adjustments. (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Prepare the T-account for Allowance for Doubtful Accounts. 2. Journalize Dragon Importers Inc.'s entry to adjust the Allowance account to its correct balance at year end. 3. Repeat requirement 2 assuming that, instead of aging the accounts, the allowance is calculated as 4.5 percent of the Accounts Receivable balance
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