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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 net sales for the year total $3,220,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $35,100. Determine the amount of the adjusting entry for uncollectible accounts. $ Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable $ Allowance for Doubtful Accounts $ Bad Debt Expense $ Determine the net realizable value of accounts receivable. $

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