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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $750,000, Allowance for Doubtful Account has a debit

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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $750,000, Allowance for Doubtful Account has a debit balance of $7,000; and sales for the year total 53,510,000 Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $28,700 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 Debit Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Determine the net reliable value of accounts receivable

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