22. 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 Accounts is estimated as $225,000. (Total 6 points)

a. the amount of the adjusting entry for uncollectible accounts. (2 points)

b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. (3 points)

Adjusted Balance

Accounts Receivable _____________

Allowance for Doubtful Accounts _____________

Bad Debt Expense _____________

c. Determine the net realizable value of accounts receivable (1 point)

Bonus points (2 points)

The date on which a cash dividend becomes a binding legal obligation is on the

Payment date.

Declaration date

Last day of the fiscal year

Date of record