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ABC Inc. is using Aging of Accounts Receivable to caleulate the Allowance for Doubtfal Accouns (AFDA). The unadjasted balance in Allonerance For Doubtfal Accounts is

ABC Inc. is using Aging of Accounts Receivable to caleulate the Allowance for Doubtfal Accouns (AFDA). The unadjasted balance in Allonerance For Doubtfal Accounts is $5,000 credit. At its December 31, 2023, year-end, ABC lne. had the following accounts receivable: Required: 1. Prepare the adjusting entry required at December 31, 2023. Estimated uncollectible accounts at December 31,2023 is calculated using the aging o receivables analysis above. 2. Calculate Accounts Receivable, Net balance based on the adjustment

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