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At the end of the current year, Accounts Receivable has a balance of $1, 975,000; Allowance for Doubtful Accounts has a credit balance of $19,
At the end of the current year, Accounts Receivable has a balance of $1, 975,000; Allowance for Doubtful Accounts has a credit balance of $19, 670; and sales for the year total $28, 550,000. Bad Debt Expense is estimated at 3/4of 1% of Sales. the amount of the adjusting entry for uncollectible accounts. 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 Determine the net realizable value of accounts receivable At the end of the current year, Accounts Receivable has a balance of $1, 975,000; Allowance for Doubtful Accounts has a credit balance of $19, 67o; and Sales for the year total $28, 550,000. Using the aging method, the balance of Allowance for Accounts is estimated as $225,000. the amount of the adjusting entry for uncollectible accounts. 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 Determine the net realizable value of accounts receivable
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