Analysis ofReceivablesMethod

At the end of the current year,Accounts Receivablehas a balance of $485,000;Allowance for Doubtful Accountshas a credit balance of $4,500; and sales for the year total $2,180,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $17,100.

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.

$