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Analysis of Receivables Method At the end of the current year Accounts Receivable has a balance of 435,000; Allowance for Doubtful Accounts has a credit

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Analysis of Receivables Method At the end of the current year Accounts Receivable has a balance of 435,000; Allowance for Doubtful Accounts has a credit balance of $4,000; and sales for the year total $1,960,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $16,000. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expert. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizabio value of accounts receivable

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