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At the end of the current year, Accounts Receivable has a balance of $819,990 Allowance for Doubtful Accounts has a credit balance of $7,893 and

At the end of the current year, Accounts Receivable has a balance of $819,990 Allowance for Doubtful Accounts has a credit balance of $7,893 and sales for the year total $2,937,000. Bad debt expense is estimated at of 1% of 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. $

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