OBJ. 4 PE 9-4B Analysis of receivables method At the end of the current year, Accounts Receivable has a balance of $3,460,000, Allow- ance for Doubtful Accounts has a debit balance of $12,500, and sales for the year total $46,300,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $245,000. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable. PAGE 467 PE9-4B At the end of the current year, Accounts Receivable has a balance of $3.460,000. Allowance for Doubtful Accounts has a debit balance of $12,500 and sales for the year total $46,300,000 Using the aging method the balance of Allowance for Doubtful Accounts is estimated as $245,000 Determine the amoun of the adjusting entry for uncollectible accounts 257.500 245 000 12 500 3.460.000 QUESTION PAGE 467 PE9-4B At the end of the current year, Accounts Receivable has a balance of $3,460,000 Allowance for Doubtful Accounts has a debit balance of $12,500 and sales for the year total $46,300,000. Using the aging method the balance of Allowance for Doubtful Accounts is estimated as $245,000 Determine the adjusted balances of Accounts Receivable. Allowance for Doubtful Accounts and Bad Debt Expense Accounts Receivable = 3,460,000 Allowance for Doubtful Accounts = (245,500) Bad Debt Expense = 255,000 Accounts Receivable = 3.460.000 Allowance for Doubtful Accounts = (245.000) Bad Debt Expense = 257.500 Accounts Receivable = 46.300.000 Allowance for Doubtful Accounts = (245.000) Bad Debt Expense = 257.500 Accounts Receivable = 3.460,000 Allowance for Doubtful Accounts = 257 500) Bad Debt Expense 245.000 QUESTION 10 PAGE 467 PE9-4B At the end of the current year, Accounts Receivable has a balance of $3.460,000. Allowance for Doubtful Accounts has a debit balance of $12,500 and sales for the year total $46,300,000. Using the aging method the balance of Allowance for Doubtful Accounts is estimated as $245.000 Determine the net realizable value of Accounts Receivable 0 3 215.000 03.460.000 245.000 12.500 and michel Save and toate all ensuers