ns from journal entries.) i Aging Schedule Age of Accounts Receivable 1-30 31-60 61-90 Days $140,000 Days $94,000 Days $78 000 Over 90 Days Total $20,000 $332,000 55.0% 1.5% 4.0% 9.0% Accounts Receivable Estimated percent uncollectible Allowance Needed Print Done Clear All Xd 98 Homework: Chapter 9 Homework Assignment Score: 0.14 of 3 pts 2 of 3 (2 complete) Exercise 9-5 (similar to) A December 31, 2020 tho Accounts Receivable balance of TM Manufacture is $332,000 The Allowance for Doubtful Accounts has a(n) 510,300 credit bittance, Accountants for TM M Click the icon to view the aging schedule.) Required 1. Journize the adjusting entry for doutstal accounts based on the aging schedule Show the T-account for the allowance at December 31, 2020 2. Show how TM Manufacture will report Accounts Receivable on its December 31, 2020 balance sheet 3. Suppose at the facts of this station are the same except that Allowance for Doubtful Accounts has a 51,800 debit balance Calculate the amount of the adjusting entry Requirement 1. Journalce the adjusting entry for doubtful accounts based on the aging schedule. Show the T-account for the allowance at December 31, 2020 Begin by oumalag the adjusting entry (Record debits first, then credits. Exclude explanations from journal entries Date Credit Journal Entry Accounts 31 Bod Det Expense Nowing for Doublur Accounts Debit 13 580 De 13 580 Now prepare the account for Allowance for Doubtful Accounts lit a box is not used in the T-account, leave the box empty: do not enter a cero. Abbreviations used Bal Balance wance Dout Accounts Checim any of number in the beds and then click Check And 2 type here to search