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At the end of the current year, Accounts Receivable has a balance of $98,360; Allowance for Doubtul Accounts has a debit balance of $4,117; and

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At the end of the current year, Accounts Receivable has a balance of $98,360; Allowance for Doubtul Accounts has a debit balance of $4,117; and credit sales for the ye total 51,145,000. Bad debt expense is estimated at 1/2 of 1 s of eredit sales. a. Determine the amount of the adjusting entry for bad debt expense. b. Determine the adjusted balances of Accounts Receivabie, Alowance for Doubtful Accounts, and Bad Dobt Expense. c. Determine the net realizable value of accounts receivable. 4

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