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Analysis of recelvables method At the end of the current year, Accounts Recelvable has a balance of $ 4 6 0 , 0 0 0
Analysis of recelvables method
At the end of the current year, Accounts Recelvable has a balance of $; Allowance for Doubtful Accounts has a credit balance of $; and sales for the year total $ Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $
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.
Accounts Recelvable
Allowance for Doubtful Accounts
Bad Debt Expense
c Determine the net realizable value of accounts receivable.
$
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