at the end of the current year accounts receivable has a balance of $500,000 allowance for doubtful accounts has a credit balance of 4,500 and net sales for the year total 4,700,000 bad debt is estimated at 1.0 of net sales

UESTION 21 At the end of the current year, Accounts Receivable has a balance of $500.000. Allowance for Doubtful Accounts has a credit balance of $4.500. and net sales for the year total $4,700,000. Bad debt expense is estimated at 1.0% of net sales Determine: (make sure to label your answers) (a) the amount of the adjusting entry for bad debt expense (b) the adjusted balance of Allowance of Doubtful Accounts (c) the net realizable value of accounts receivable. TT T Arial 3(1201) T.E E Patho Words 0 Click Save and submit to save and submit. Click Save All Arnesto save all answers Save All Answers Close Win