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Part 2 of 4 Points: 1.82 of 10 Save At December 31, 2020, the Accounts Receivable balance of Albert Company is $346,000 The Allowance for Doubtful Accounts has a(n) $10,300 credit balance Accountants for Albert Company prepare the following aging schedule for its accounts receivable (Click the icon to view the aging schedule.) Required 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule Show the T-account for the allowance at December 31, 2020 2. Show how Albert Company will report Accounts Receivable on its December 31, 2020, balance sheet 3. Suppose all the facts of this situation are the same except that Allowance for Doubtful Accounts has a $900 debit balance Calculate the amount of the adjusting entry Requirement 1. Journalize the adjusting entry for doubtful accounts based on the aging schedule Show the l-account for the allowance at December 31, 2020 Begin by journalizing the adjusting entry (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Incorrect Date Accounts Debit Credit 12,960 Dec 31 Bad Debt Expense Allowance for Doubtful Accounts 12 960 Now, prepare the T-account for Allowance for Doubtful Accounts (If a box is not used in the T-account, leave the box empty; do not enter a zero. Abbreviations used Bal = Balance, adj = adjustments.) Alliance for narrante Clear all Check answer Help me solve this Calculator Ask my instructor - VOICE nun O ALUUTIE VITIC 1. CCVCICLOTUIT CUT OF Aging Schedule Age of Accounts Receivable 1-30 31-60 61-90 Over 90 Days Days Days Days Total Accounts Receivable $156,000 $90,000 $70,000 $30,000 $346,000 g Estimated percent uncollectible 1.0% 2.0% 70% 50 0% Allowance Needed ad Print Done Date Accounts Debit Credit Dec 31 Bad Debt Expense 12,960 Allowance for Doubtful Accounts 12,960 Now, prepare the T account for Allowance for Doubtful Accounts (If a box is not used in the T-account, leave the box empty, do not enter a zero. Abbreviations used Bal. = Balance, adj. = adjustments.) Allowance for Doubtful Accounts Help me solve this Calculator Ask my instructor Clear all Check answe HD LOUISE TIVOLI PET ZVEL JOTIV NA DASCU UTVICE INUICHT ITS ROLOU TUTTA VUUTTE LEVEITT LIQUIOTT CUTTUR OLD co B