1. At the end of the current year, Accounts Receivable has a balance of $976,460; Allowance for Doubtful Accounts has a credit balance of $5,737; and sales for the year total $2,152,000. 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. $