At the end of the current year, Accounts Receivable has a balance of $1,690,000; Allowance for Doubtful Accounts has a debit balance of $8,700; and Net Sales for the year total $3,500,000. Bad Debt Expense is estimated at of 1% of Net Sales.

1) Calculate the dollar amount required to record the allowance amount.

2) Prepare the adjusting journal entry for the Allowance for Doubtful Accounts: Date Accounts

3) Calculate the Net Accounts Receivable Balance [Calculations must include words & numbers]