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need help Analysis of Recelvables Method At the end of the current year, Accounts Receivabie has a balance of 5725,000 . Allowance for Doubtful Accounts
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Analysis of Recelvables Method At the end of the current year, Accounts Receivabie has a balance of 5725,000 . Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,260,000. Using the aging method, the balance of Allowance for Doubdul Accounts is estimated as $26,000 a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Recelvable. Allowance for Doubtful Accounts, and Bad Debt Expense: Determine the net realizable value of accounts receivable Step by Step Solution
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