Analysis of receivables method Obj. 4 At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $205,000.

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