Oriole Company uses the percentage-of-receivables basis to record bad debt expense.

Accounts receivable (ending balance)		$510,000	(debit)
Allowance for doubtful accounts (unadjusted)		5,400	(debit)

The company estimates that 2% of accounts receivable will become uncollectible. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

(b) What is the ending (adjusted) balance in Allowance for Doubtful Accounts?

Ending (adjusted) balance in Allowance for Doubtful Accounts

$

(c) What is the cash (net) realizable value?

Cash (net) realizable value

$