This que White Importers Inc. had the following balances at December 31, 2020, before the year-end adjustments. i](Click the icon to view the balances and aging of accounts receivable schedule.) 1. Journalize White 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 percent of the Accounts Receivable balancel Accounts Receivable Allowance for Doubtful Accounts 158,000 5,200 The aging of accounts receivable yields these data. Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts receivable $150,000 $8,000 $ 158,000 Percent uncollectible 5% 26% unts Receivable balanc 1. Journalize White Importers Inc.'s entry to adjust the allowance account to its correct balance at December 31, 2020. (Record debits first, then cre Journal Entry Date Accounts Debit Credit Dec. 31 2. 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 select a label or enter a zero.) Allowance for Doubtful Accounts Debit Credit Beg. Bal. Adj. |Adj. End Bal. 3. Repeat requirement 1 assuming that, instead of aging the accounts, the allowance is calculated as 4 percent of the Accounts Receivable balance. Journal Entry Date Accounts Debit Credit Dec. 31