5.	ABC Co has the following balances in its accounts as of 12/31/19:
	Accounts Receivable	7,360,600
	Allowance for Bad Debts	(270,000)
	Bad debt expense	150,000
	a. ABC Co needs to make the following adjustments as of 12/31/19:
	b. Write off an uncollectible account from AAA for $95,000
	c. Record receipt of $132,000 received from bankruptcy court re: BBB Co. This receivable was written off in 2018.
	d. Adjust the Allowance Account to 8.6% of AR
	Compute the adjusted balances in the following accounts as of 12/31/19
	Accounts Receivable
	Allowance for Bad Debts
	Bad debt expense