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At the end of the current vear, Accounts 3ecehabie has a balance of $675,000; Alowance for Doultful Accounes has a credit balance of $6,000; and

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At the end of the current vear, Accounts 3ecehabie has a balance of $675,000; Alowance for Doultful Accounes has a credit balance of $6,000; and sales for the vear tatal 53,040,000. Bad debt expense is estimated at 1/4 of 1% of sales, a. Determine the amount of the adjunting entry for uncoliectible accounts. b. Determine the bdjusted balances of Accounts feceivable. Allowance for Doubtfal Accounts, and Bad Debt Expense. Determine the net reatratie value of accounts receivabie. Analysis of Receivables Method At the end of the current year, Accounts Receivabie has a balance of $420,000; Allowance for Doubtful Accounts has a debit balance of $4,000; and sates for the year total $1,890,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $18,000. 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. c. Determine the net realizable value of accounts receivable

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