Becky Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $25,000 and Accounts Receivable of $120,000. During 2020, it wrote off $27,600 of accounts. Becky made $250,000 in credit sales during 2020, and it estimates 5% of credits sales will go uncollected. Becky collected $200,000 from customers for previous sales made on account. Complete the following FSET to record credit sales, collections, write-offs of accounts and the bad debt expense adjustment. Input positive values for increases in account balances and negative values for decreases in account balances. Calculate Accounts Receivable, Net Realizable Value at the beginning of the year and after the bad debt expense adjustment. (1 point per response)

1)

Trans.	Cash	A/R	Allowance for Doubtful Accounts	Sales	Bad Debt Expense
Beg. Bal		120,000	25,000
Credit Sales
Collections
Write-offs
Bad Debt Adj.

2)

Beginning A/R, Net Realizable Value =

Ending A/R, Net Realizable Value =