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Analysis of Receivables Method At the end of the current year, Accounts Recevable has a balance of $560,000; Allowance for Doubtful Accounts has a debit

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Analysis of Receivables Method At the end of the current year, Accounts Recevable has a balance of $560,000; Allowance for Doubtful Accounts has a debit balance of $5,000 and sales for the year total $2,520,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $19,000, a. Determine the amount of the adjusting entry for uncollectible accounts. 24,000 b. Determine the adjusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Expense; Accounts Receivable 560,000 Allowance for Doubtful Accounts 19,000 Bad Debt Expense 24,000 c. Determine the net realizable value of accounts receivable

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