Nacho Company had the following balances prior to making adjusting entries

Accounts Receivable $800,000

Allowance for Doubtful Accounts (Cr.) $100,000

Sales $800,000

Accounts Receivable used as the basis for making provision for bad debts.

Assuming the company provides for doubtful accounts at 1% of Accounts Receivable Balance,

make necessary entries to provide for doubtful accounts.

What is the balance in the Allowance for Doubtful Accounts after the adjusting entries in item a above, and what is the net realizable value of accounts receivable?

A customer owes $15,000 defaulted and it was approved that the customers account be written off. Make necessary entries for the write off.

The customer whose account was written off paid $12,000 of the amount previously written off. Make necessary entries for the recovery of the 12,000.

What is the balance in the allowance for doubtful accounts?