Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $940,000, Allowance for Doubtful Accounts has a credit balance of $8,500; and sales for the year total 4,230,000. using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $29,800 a. Determine the amount of the adjusting entry for uncollectible accounts 48,500X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtfui Accounts, and Bad Debt Expense Accounts Recevable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. $ 900,000X 940,000V 40,000 X 48,500 X Feedback Chack My Work The analysis of recelvabies method is based on the assumption that the longer an account receivable is outstanding the less likely that & will be collected The amount of the adjusting entry is the amount that wil yeld an adusted balance for Allowance for Douilal Accounts Leaming Objective 4