At December 31 of the current year, Accounts Receivable has a balance of $800,000, the Allowance for Uncollectible Accounts has a debit balance of $2,500 and net credit sales for the year are $3,000,000. Using the aging-of-receivables method, the balance of Allowance for Uncollectible Accounts is estimated at $35,000. The adjusting journal entry required at December 31 is a debit to Bad debt expense for 35,000 and a credit to Allowance for doubtful accoul for the same amount. The net realizable value of accounts receivable at December 31 is 762,500