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Analysis of receivables method At the end of the current year, Accounts Receivable has a balance of $700,000; Allowance for Doubtful Accounts has a debit

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Analysis of receivables method At the end of the current year, Accounts Receivable has a balance of $700,000; Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,150,000. Using the oging method, the balance of Allowance for Doubtful Accounts is estimated as $24,700. a. Determine the amount af the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Erpense. c. Determine the net reafizable value of occounts receivable. 5

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