Army Supply uses the allowance method of accounting for uncollectible accounts. Record journal entries for the transactions listed below: April 2 Received $1,400 from Balie in payment of her $2,000 account April 12 Wrote off the balance of Billie's account. April 17 Received $250 from Jason to pay off his account in full Edit View Insert Format Tools Table 12pt Paragraph 2 ' . The net realizable value of a company's Accounts Receivables is: O increased at the time of a specific write-off. O decreased at the time of a specific write-off. O unchanged at the time of a specific write-off. O the guaranteed amount the company will collect from its customers. A debit balance in Allowance for Doubtful Accounts indicates the estimate for Bad Debts was too low. O True O False June Cleary estimates uncollectibles to be $2,300. There is a debit balance in the allowance account of $520. The adjusting entry amount under the aging of receivable balance sheet approach is: O $2,300. O $520. O $2.820. O $1.780. Jones Consulting estimates uncollectibles to be $820. There is a credit balance in the allowance account of $390. The adjusting entry amount under the aging of receivable balance sheet approach is: $390. O $820. O $430 O $1,210 Mercury Holdings estimates it will collect $8,930 of the $10,000 owed by customers. The difference of $1,070 represents the: O Gross Accounts Receivable. O the Net Realizable Value. Allowance for Doubtful Accounts. Value of the Current Unpaid Receivables