Exercise 1 (1)-Word REVIEW VIEW BLOOMBERG ITNoemal. 1NoSpac Heading 1 Heading 2 Heading 5 Heading 6 Title Subtitle Subtle Em. Emph Chapter 8- Exercise 1 Alfaisal Uelversity Task Team On Dec 31, 2016, Rawda Company had accounts receivable of $750,000 and allowance for doubtful accounts that had a debit balance of $10,000. The company uses an aging schedule (aging method) to estimate its uncollectible accounts as shown in the following table of Days Outstanding 0-30 31-60 61-90 Over 90 Amounts Estimated % Uncollectible 2% 4% 6% 8% $ 200,000 200,000 200 150,000 Requirements a. What is the required balance for the allowance of doubtful accounts on Dec 31, 2016? b. What is the net realizable value of the accounts receivable on Dec 31, 2016? C. If on May 11 2017, one of the company's customer that owed the company S2 1,000 filed bankruptcy, what is the balance of the allowance for doubtful accounts on May 1, 20177 d. If On July 31, 2017, the customer that filed a bankruptcy on May 1, 2017 came back and paid Radwda $15,000, what is the balance of the allowance for doubtful accounts on July 31, 2017