Part Accounts receivable has a $275,000 balance at December 31, 2019. Management estimate that the uncollectible accounts are a total of $15,000. What is the net realizable value of the account receivable? 2. (a) Use the following information to determine the adjustment to the Allowance for Doubtful Accounts assuming the company uses the percentage of accounts receivable to determine bad debt. Show how it impacts the accounting equation (account name and amount); Accounts receivable $500,000 Allowance for doubtful accounts before adjustment % expected uncollectible of net credit sales 2% (02) Net credit sales $5,350,000 Assets Liabilities Equity (b) What is the ending balance of Allowance for Doubtful Accounts after the above transaction recorded? (c) What is the Net Realizable Value of Accounts Receivable after the above transactions Part 2 A company just starting business in June has made 4 inventory purchases. A physical count of merchandise inventory June 30 reveals that there are 200 units on hand. Units Cost per unit Total Cost June 1 150 5 20 $780 June 10 200 $5.85 $1170 June 15 200 $8.30 $1,260 June 28 150 S6 60 $990 Total available $4200 700 4. Using the First In-First Out (FIFO) inventory cost flow method, what is the amount allocated to ending inventory and cost of goods sold? 4(a) Ending Inventory 41b) Cost of Goods Sold 5. Using the weighted average inventory cost flow method, what is the amount allocated to ending inventory and goods sold Please round your calculated weighted average cost per unit to 2 decimals (example $18.79) Average Cost per unit 5(a) Ending Inventory 5(b) Cost of Goods Sold