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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $805,000, Allowance for Doubtful Accounts has a credit
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $805,000, Allowance for Doubtful Accounts has a credit balance of $7,000, and sales for the year total $3,620,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated a $25,200 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 Debt Expense. c. Determine the net realizable value of accounts receivable
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