At December 31, Yarrow Company reports the following results for its calendar year from the adjusted trial balance.

Credit Sales: $2,300,00

Accounts Receivable: $295,00

Allowance for Doubtful Accounts (credit balance): $750

a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are

estimated to be 1.1% of credit sales. Determine the ending Allowance for Doubtful account updated balance.

b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are

estimated to be 7.0% of year-end accounts receivable. Determine the cash realizable value accounts receivable.

1) At December 31, Yarrow Company reports the following results for its calendar year from the adjusted trial balance. Credit Sales $ 2,300,000 Accounts Receivable 295,000 Allowance for Doubtful Accounts (credit balance) 750 a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 1.1% of credit sales. Determine the ending Allowance for Doubtful accounts updated balance. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 7.0% of year-end accounts receivable. Determine the cash realizable value of the accounts receivable