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At the end of the current year, Accounts Recelvable has a balance of $885,000; Allowance for Doubtful Accounts has a debit balance of $8,000; and

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At the end of the current year, Accounts Recelvable has a balance of $885,000; Allowance for Doubtful Accounts has a debit balance of $8,000; and sales for the year total $3,980,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $34,400. a. Determine the amount of the adjusting entry for uncollectible accounts. 4 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net realizable value of accounts receivable

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