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Analysis of Reckivables Method At the end of the current year, Accounts Recelvable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit

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Analysis of Reckivables Method At the end of the current year, Accounts Recelvable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $205,000. a. Detemmine the amount of the adjusting entry for uncollectible aceounts. x b. Determine the adjusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Experise. c. Determine the net roalzable value of accounts receivable. Feodack Thieok Myos. The analysis of receivables method is based on the assumption that the longer an account recelvable is outstanding the less lkely that it will be celiected. The amount of the adjusting entry is the amount that will yield an adjusted balance for Allowance for Doubtful Accounts equal to the estimated balance

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