Analysis of receivables method Obj. 4 At the end of the current year, Accounts Receivable has a balance of $1,975,000; Allowance for Doubtful Accounts has a credit balance of $19,670; and sales for the year total $28,550,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $225,000.

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.

AppendixLO1