At the end of the current year, Accounts Receivable has a balance of $$700,000$; Allowance for Doubtful Accounts has a credit balance of $$5,500$; and credit sales for the year total $$3,500,000.$ 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.

fill in the blank $1$ of $2$$

b$.$ Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.

Line Item Description Adjusted Balance

Accounts Receivable $fill in the blank $2$

Allowance for Doubtful Accounts fill in the blank $3$

Bad Debt Expense fill in the blank $4$

c$.$ Determine the net realizable value of accounts receivable.

fill in the blank $2$ of $2$$