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33333333333333333 2 pts Prior to the adjusting entry for bad debt expense, Delta, Inc.'s balances for accounts receivable and allowances for doubtful accounts were $720,000

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2 pts Prior to the adjusting entry for bad debt expense, Delta, Inc.'s balances for accounts receivable and allowances for doubtful accounts were $720,000 (debit) and $2,200 (credit), respectively. After the bad debt expense entry was posted, the net realizable value of accounts receivable was $653,000. Bad debt expense for the year was O $67,800 O $69,200 $64,800 $67,000

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