sassel Fouad: Attempt 1 Question 7 (2.5 points) Boulder Inc. uses the aging of accounts receivable method to estimate bad debt expense. On December 31, 2019 (before making adjusting entries), Accounts Receivable had a debit balance of $620,000 and Allowance for Doubtful Accounts had a credit balance of $10,000. Boulder's aging analysis at December 31, 2019 disclosed the following: $500,000 0-60 days past due (2% uncollectible) $120,000 Over 60 days past due (4% uncollectible) $620,000 Total Accounts Receivable What is the adjusted balance for Allowance for Doubtful Accounts at December 31, 2019? $24,800 $14,800 $4,800. $5200