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Analysis of Receivabtes Method At the end of the current year, Accounts Recelvable has a balance of $640,000; Allowance for Doubtiul Accounts has a debit

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Analysis of Receivabtes Method At the end of the current year, Accounts Recelvable has a balance of $640,000; Allowance for Doubtiul Accounts has a debit balance of $6,000; and sales for the total $2,880,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $27,000. 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 reallzable value of accounts receivable

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