At the end of the current year, Accounts Receivable has a balance of $750,000; Allowance for Doubtful Accounts has a credit balance of $11,250; and net sales for the year total $4,100,000. Bad debt expense is estimated at 1/2 of 1% of net sales.

Determine

(a) The amount of the adjusting entry for uncollectible accounts;

(b) The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and

(c) The net realizable value of accounts receivable.