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At the end of the current year, Accounts Receivable has a balance of $810,000, Allowance for Doubtful Accounts has a credit balance of $7,500, and

At the end of the current year, Accounts Receivable has a balance of $810,000, Allowance for Doubtful Accounts has a credit balance of $7,500, and sales for the year total $3,650,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $28,500. image text in transcribed
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At the end of the current year, Accounts Recelvable has a balance of $810,000, Allowance for Doubtful Accounts has a credit balance of $7,500, and sale Accounts is estimated as $28,500. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense: c. Determine the net realizable value of accounts receivable, oubtful Accounts has a credit balance of $7,500, and sales for the year total $3,650,000. Using the aging method, the balance of Allowance for Doubtul

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