During the year, ABC Company had $2,000,000 in sales. At the end of the year, the balance in allownace for doubtful accounts is $1,500 debit, and accounts receivable had a balance of $900,000 a) Assume that the company uses the percentage of sales method and estimates bad debts to be 3% of sales. Journalize the necessary adjusting entry at the end of the year, complete the t-account, calculate the company's NRV. X/X/XX AFDA X/X/XX Beginning Balance Adjusting Entry AFDA Ending Balance b) Assume that the company uses the aging method and an aging schedule estimates uncollectible accounts to be in the amount of $55,000. Journalize the necessary adjusting entry at the end of the year, complete the t-account, calculate the company's NRV. Beginning Balance Adjusting Entry Net realizable value Ending Balance Net realizable value

a) Assume that the compary uses the peicentage of sales method and estimates bad debts to be 3K of cales joumalize the necessary adjusting entry at the end of the yeer, complete the toccount calculate the companys Nov. Netrealiablevah b) Assume Uhar the compary uses the acins methed and an aeine schedule estimates uncollectible actounts to be in the amount of 555 , c00 journalte the