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At the end of the current year, Accounts Receivable has a balance of $809,700; Allowance for Doubtful Accounts has a credit balance of $5,455; and

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At the end of the current year, Accounts Receivable has a balance of $809,700; Allowance for Doubtful Accounts has a credit balance of $5,455; and credit sales for the Year total $2,791,000. Bad debt expense is estimated at 1/2 of 1% of credit 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 Expenses Adjusted Balance Accounts Receivable 809,700 Allowance for Doubtful Accounts 6,455 X Bad Debt Expense c. Determine the net realizable value of accounts receivable. Fodbad Chuck My Won Partially correct

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