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 fromAAA 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