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At the end of the current year, Accounts Receivable has a balance of $176,760; Allowance for Doubtful Accounts has a debit balance of $4,411; and

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At the end of the current year, Accounts Receivable has a balance of $176,760; Allowance for Doubtful Accounts has a debit balance of $4,411; and sales for the year total $1,045,000. Bad debt expense is estimated at 2% of 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 Expense. I Adjusted Balance Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable

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