1). What is the appropriate balance for Allowance for Doubtful Accounts at year-end?

2). Show how accounts receivable would be presented on the balance sheet

3). What is the dollar effect of the year-end bad debt adjustment on the before-tax income?

Current Attempt in Progress Tamarisk Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Tamarisk's Accounts Receivable account was $599,400 and Allowance for Doubtful Accounts had a credit balance of $44,130. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below