After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $657,165 and Allowance for Doubtful Accounts has a balance of $21,450. What is the net realizable value of the accounts receivable? Oa. $678,615 Ob. $21.450 Oc. $635,715 Od. $657,165 Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $368,000 and credit sales are $1,000,000. An aging of accounts $ receivable shows that approximately 8% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,400 before adjustment? Oa. Bad Debt Expense 27,040 Allowance for Doubtful Accounts 27,040 Ob. Bad Debt Expense 26,040 Allowance for Doubtful Accounts 26,040 Oc. Bad Debt Expense 26,540 Allowance for Doubtful Accounts 26,540 Od. Bad Debt Expense 28,040 Allowance for Doubtful Accounts 28,040