On December 31 , betore any year-end ad,usiments, the Accounts Receivable balance of Athens Company is $260,000. The Allowance for Doubtful Accounts has a(an) Accounts Receivable: (Click the icon to view the aging schedule.) Requirements 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? 2. Make the entry required by the aging schedule. Prepare a T-account for the allowance. 3. Show how Athens Company will report Accounts Receivable on its December 31 Balance Sheet. Requirement 1. Based on the aging of Accounts Receivable, Is the unad/usted balance of the allowance account adequate? Too high? Too low? Before we can assess whether the current balance of the allowance occount is adequate, we first have fo calculate a revised allowance for doubtful accounts amount. Accounts fiecelvatier (Cick the icon to view tre agns sohastion) Requirements 2. Make the ertry requeed by the aging schedile Prepere a foccouct for Re alowice 2. Show how Athans Ponywey wit recoit Acoounts Receivble on tu Decerneer 31 Bwince srew! Data table On December 31 , betore any year-end ad,usiments, the Accounts Receivable balance of Athens Company is $260,000. The Allowance for Doubtful Accounts has a(an) Accounts Receivable: (Click the icon to view the aging schedule.) Requirements 1. Based on the aging of Accounts Receivable, is the unadjusted balance of the allowance account adequate? Too high? Too low? 2. Make the entry required by the aging schedule. Prepare a T-account for the allowance. 3. Show how Athens Company will report Accounts Receivable on its December 31 Balance Sheet. Requirement 1. Based on the aging of Accounts Receivable, Is the unad/usted balance of the allowance account adequate? Too high? Too low? Before we can assess whether the current balance of the allowance occount is adequate, we first have fo calculate a revised allowance for doubtful accounts amount. Accounts fiecelvatier (Cick the icon to view tre agns sohastion) Requirements 2. Make the ertry requeed by the aging schedile Prepere a foccouct for Re alowice 2. Show how Athans Ponywey wit recoit Acoounts Receivble on tu Decerneer 31 Bwince srew! Data table