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Analysis of fucceivables Method At the end of the current yeac, Accounts Recaivatile has a balance of $500,000, Allowince for Doubdil Nctoonta has a debit

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Analysis of fucceivables Method At the end of the current yeac, Accounts Recaivatile has a balance of $500,000, Allowince for Doubdil Nctoonta has a debit balunce of $4,500, and sales for the vear total $2,250,000. Using the aging method, the balance of Allowance for Doubtul Accounts is estimated as $18,500. a. Determine the amount of the adjusting entry for uncollectible accounts. 1 x b. Determine the ad/asted balances of Accounts Recelvable, Allowance for Doubdful Accounts, and Bad Debt Eapense. c. Determine the net realitable value of accounts receivable. 4

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