For each of the following scenarios, indicate the amount of the adjusting journal entry for bad debt expense, the balance in Allowance for Doubtful Accounts after adjustment at December 31, and the net realizable value of accounts receivable at December 31 a. Based on an analysis of Simmons Company's $380,000 balance in Accounts Receivable at December 31, it was estimated that $15,500 will be uncollectible. There is a credit balance of $1,200 in Allowance for Doubtful Accounts before adjustment. Bad Debt Expense Allowance for Doubtful Accounts at Dec. 31 Net Realizable Value of A/R at Dec 31 b. Blake Company had credit sales of $900,000 at year end and has an Accounts Receivable balance of $425,000 at December 31 and an Allowance for Doubtful Accounts credit balance of $11,000 before adjustment. Blake estimates bad debt expense as 3/4 of 1% of credit sales, Bad Debt Expense Allowance for Doubtful Accounts at Dec. 31 Net Realizable Value of A/R at Dec. 31 c. Hidgon Inc. has a balance of $812,000 in Accounts Receivable at December 31. An analysis of those receivables shows $24,000 will probably not be collected. Before adjusting entries are prepared, Allowance for Doubtful Accounts has a debit balance of $750. Bad Debt Expense Allowance for Doubtful Accounts at Dec. 31 Net Realizable Value of A/R at Dec. 31