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Accounting

i am in test image
1 2 3 4 5 6 7 8 9 10 11 Question 6 10 points Save Answer General Stuff Company uses the aging of accounts receivable method to estimate bad debt expense. The balance of each account receivable is aged on the basis of three categories as follows: 1-30 days old 30-90 days old More than 90 days old 2% 20% 40% $28.900 $10,280 $ 3,650 The Allowance for Doubtful Accounts has a beginning credit balance of $3,495. Part 1) Calculate the new balance in the Alowance for Doubtful Accounts at December 31, 2019. 3 points Part 2) Prepare the appropriate adjusting entry at December 31, 2019.4 points Part 3) Prepare the balance sheet presentation at December 31, 2019. 3 points

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