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PE 9-4A Analysis of receivables method OBJ. 4 At the end of the current year, Accounts Receivable has a balance of $2,450,000, Allowance for Doubtful

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PE 9-4A Analysis of receivables method OBJ. 4 At the end of the current year, Accounts Receivable has a balance of $2,450,000, Allowance for Doubtful Accounts has a credit balance of $14,860, and sales for the year total $31,600,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $250,000. 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

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