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Question 23 2.5 points Save Answer The aging schedule at December 31, 2020, for ABC...

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Question 23 2.5 points Save Answer The aging schedule at December 31, 2020, for ABC Inc. shows the following breakdown of total accounts receivable. Status Not past due Past due 1-30 days Past due 31-60 days Past due over 60 days Total Amount $568,750 135,000 68,750 17.500 $790.000 The company considers the risk of credit losses to be similar within the aging pools and estimates the following credit loss rates by pool: not past due, 0.5%; past due 1-30 days, 1%; past due 31-60 days, 2%; and past due over 60 days, 896. The Allowance for Doubtful Accounts has a $3,300 credit balance before adjustment. What amount is debited to Bad Debt Expense to adjust the Allowance for Doubtful Accounts to its desired ending balance on December 31, 2020? $3,288 $2,844 OOOO $5,575 $8,875

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