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Navy Company had a $500 debit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An

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Navy Company had a $500 debit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Total Accounts Receivable $211,000 Requirement: 1. Calculate the uncollectible amount. Show your work. 2. Prepare the adjusting entry on December 31,2022 , to recognize bad debts expense

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