36. Allowance of doubtful accounts has a debit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 4% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is a. $24,500 b. $23,500 c. $24,000 d. none of the above 37. After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $460,000 and allowance for doubtful accounts has a balance of $30,000. What is the net realizable value of the accounts receivable? a. $30,000 b. $430,000 c. $460,000 d. $490,000