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pls use original answer - answers on chegg are inncorrect. Percent of Sales Method At the end of the current year, Accounts Receivable has a

pls use original answer - answers on chegg are inncorrect. image text in transcribed
Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $430,000, Allowance for Doubtful Accounts has a credit balance of $4,000, and sales for the year total $1,990,000. Bad debt expense is estimated at 1/2 of 1% of sales: a. Determine the amount of the adjusting entry for uncollectible accounts. X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net realizable value of accounts receivable. x

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