Analysis of Receivables Method

At the end of the current year, Accounts Receivable has a balance of $$2,450,000,$ Allowance for Doubtful Accounts has a credit bala $$31,600,000.$ Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $$250,000.$

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 Expense.

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