Kerry Company's accounts receivable are $180,000 at the end of the year. The allowance for doubtful accounts has a credit balance of $2,000 before any adjustments have been made. The Company estimates that 3% of accounts receivable will not be collected. The adjustment for the bad debt expense for the year $3,400 amounted to: At the end of the year, the credit balance of the allowance for doubtful accounts after the adjustment is: What is the carrying amount of the accounts receivable at the end of the year to be reported on balance sheet after the adjusting entries? $3,400 $3,400