This question: 1 point(s) possible Resume later Submit quia The September 30, 2020, balance sheet of Princeton Products reported the following Accounts Receivable $ 350.000 Allowance for Doubtful Accounts (credit balance) 10,000 During the last quarter of 2020, Princeton Products completed the following selected transactions: (Click the icon to view the transactions.) Required Requiredh Requirement 1. Record the transactions in the general journal. December 30. Wrote off the following accounts receivable as uncollectible: Brandon Mills, $2,700, Craig Inc. $2,600, and Darr entries.) Transactions Date 1. Record the transactions in the general journal. 2. The Allowance for Doubtful Accounts three-column ledger account has been opened for you. Post entries affecting that account. Keep a running balance 3. Most companies report two-year comparative financial statements. If Princeton Products' Accounts Receivable balance was $370.000 and the Allowance for Doubtful Accounts stood at $16,000 at December 31, 2019, show how the company will report its Accounts Receivable in a comparative balance sheet for 2020 and 2019 4. Suppose, on December 31. the bad debt expense was based on an estimate of 7 percent of the accounts receivable balance rather than on the aging of accounts receivable. Record the December 31, 2020, entry for bad debt expense in the general journal. Dec Dec. BO Wrote off the following accounts receivable as uncollectible Brandon Mills, $2.700 Craig Inc. $2.600, and Darren Young. $1,300. Dec. 31 Recorded bad debt expense based on the aging of accounts receivable as follows: Age of Accounts Receivable 1 - 30 31 - 60 61 - 90 Over 90 Accounts Receivable Days Days Days Days Total = 5332 000 $ 179,000 $ 95 000 $39.000 $ 19.000 December Print Done Submit quia Estimated percent uncollectible 10.1% 0.7% 15.0% 50.0% 10:53 PM