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Assignment/take Assignment Main.do?invoker=assignments&take AssignmentSessionLocator-assignment-takebunprogressise At the end of the current year, Accounts Receivable has a balance of $90,000; Allowance for Doubtful Accounts has a credit

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Assignment/take Assignment Main.do?invoker=assignments&take AssignmentSessionLocator-assignment-takebunprogressise At the end of the current year, Accounts Receivable has a balance of $90,000; Allowance for Doubtful Accounts has a credit balance of $850; and sales for the year total $300,000. Bad debt expense is estimated at 2.5% of sales. 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. Adjusted Balance Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Previous Submit Test for Grading Email Instructor All work saved 12:21 PM

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