Analysis ofReceivablesMethod

At the end of the current year,Accounts Receivablehas a balance of $530,000;Allowance for Doubtful Accountshas a debit balance of $5,000; and sales for the year total $2,390,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $24,000.

a.Determine the amount of the adjusting entry for uncollectible accounts.

$

b.Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, andBad Debt Expense.

Accounts Receivable$Allowance for Doubtful Accounts$Bad Debt Expense$

c.Determine thenet realizable valueof accounts receivable.

$