CHAPTER 7 3) The Clinton Corporation prepares an aging of its accounts receivable at year-end and reports the following: Assume all relevant accounts have normal balances.] Accounts receivable balance, 12/31 Allowance for uncollectible accounts (12/31, unadjusted balance) As per aging analysis, estimate of accounts expected 2,660,000 87,000 to be uncollectible 235,000 REQUIRED: (a) What amount should be reported as the net realizable value of accounts receivable on the year-end balance sheet? (b) Prepare the appropriate year-end adjusting entry for the bad debt expense