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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $715,000; 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 $715,000; Allowance for Doubtful Accounts has a credit balance of $6,500; and sales for the year total $3,220,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $33,200. a. Determine the amount of the adjusting entry for uncollectible accounts. 28,600 X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable 715,000 Allowance for Doubtful Accounts 6,500 X Bad Debt Expense 28,600 X c. Determine the net realitzable value of accounts receivable. 679,900 x

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