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This Question: 20 pts Time Rom 1 of 7 (1 complete) At December 31, 2020, the Accounts Receivable balance of Abert Company is $346 000
This Question: 20 pts Time Rom 1 of 7 (1 complete) At December 31, 2020, the Accounts Receivable balance of Abert Company is $346 000 The Allowance for Doubtful Account has an $10.500 credit accounts receivable Click the icon to view the aging schedule) e Ac o r Abert Company are the 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 $1,000 dobit balance Calculate the amount of the stingantry Aging Schedule X Age of Accounts Receivable 1-30 31-60 61-90 Over 90 Days Days Days Days $ 158,000 $92 000 $76,000 $20,000 1.5% 3.0% 600% Total $146.000 ance L ustments the box empty: do not enter a raro Abbreviations used Bal Accounts Receivable Estimated percent uncollectible Allowance Needed Print Done Rie w x3 O Type here to search acer
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