After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $731,148 and Allowance for Doubtful Accounts has a balance of $25,489. What is the net realizable value of accounts receivable? a. $731,148 b. $25,489 c. $705,659 d. $756.637 Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $400,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 7% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $1,400 before adjustment? You have just received notice that a customer with an account receivable balance has gone bankrupt and will not make any future payments. Assuming you use the allowance method, the entry you make is to a. debit Bad Debt Expense and credit Accounts Receivable b. debit Allowance for Doubtful Accounts and credit Bad Debt Expense c. debit Bad Debt Expense and credit Allowance for Doubtful Accounts d. debit Allowance for Doubtful Accounts and credit Accounts Receivable