At the end of the current year, Accounts Receivable has a balance of $145,000; Allowance for Doubtful Accounts has a debit balance of $7,500; and sales for the year total $3,800,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as 538,300. 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. Accounts Receivable 845,000 Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable, Check My W The analysis of receivable method is based on the sumption that the longer an account recevable is outstanding the less that it will be collected The amount of the adjusting entry is the amount that will yield an adjusted batance for Allowance for Do Account Learning Objective