At the end of the current year, Accounts Receivable has a balance of $600,000; Allowance for Doubtful Accounts has a credit balance of $3,500; and net sales for the year total $3,000,000. Bad debt expense is estimated at 1/2 of 1% of net sales.

Find out:

1) amount of the adjusting entry for uncollectible accounts

2) adjusted balances of Accounts Receivable

3) Allowance of Doubtful Accounts

4) Bad Debt Expense

5) the net realizable value of accounts receivable.