Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $ 6 3 0 , 0 0 0 Allowance for Doubtful Accounts has a credit balance of $ 5 , 5 0 0 and sales for the year total $ 2 , 8 4 0 , 0 0 0 Bad debt expense is estimated at 1 4 of 1 of sales a Determine the amount of the adjusting entry for uncollectible accounts b Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c Determine the net realizable value of accounts receivable

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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $ 6 3 0 , 0 0 0   Allowance for Doubtful Accounts has a credit balance of $ 5 , 5 0 0   and sales for the year total $ 2 , 8 4 0 , 0 0 0   Bad debt expense is estimated at 1 4 of 1   of sales  a   Determine the amount of the adjusting entry for uncollectible accounts  b   Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense  Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c   Determine the net realizable value of accounts receivable

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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $ 6 3 0 , 0 0 0

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