At the end of the current year, Accounts Receivable has a balance of $700,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and sales for the year total $3,500,000. Bad debt expense is estimated at 1/2 of 1% of net sales.

a. Determine the amount of the adjusting entry for bad debt expense. $

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. $

At the end of the current year, Accounts has a balance of $700,0000, allowances for the year total $3, 500,000. Bad debt expense is at 1/2 of 1% of net rules. Determine the amount of the adjusting entry for bad debt expense. Determine the adjusted balances of Accounts