Prepare adjusting journal entries and show the Net Realizable value for the following independent situations, Place your answers in the spaces designated. a. The Allowance for Doubtful Accounts has a $700 debit balance prior to adjustment. Net credit sales during the year are $425,000 and 3% are estimated to be uncollectible. AR has a balance of $250,000 Journal Entry Net Realizable Value Work: Answer: b. The Allowance for Doubtful Accounts has a $500 credit balance prior to adjustment. Based on an aging schedule of accounts receivable prepared on December 31, S11.800 of accounts receivable are estimated to be uncollectible. A/R has a balance of $675,000 Journal Entry Net Realizable Value Work: Answer: c. The Allowance for Doubtful Accounts has a $900 debit balance prior to adjustment. Based on an aging schedule of accounts receivable prepared on December 31, 321,500 of accounts receivable are estimated to be uncollectible. A/R has a balance of $650,000. Journal Entry Net Realizable Value Work: Answer: d. The Allowance for Doubtful Accounts has a $300 credit balance prior to adjustment. Net credit sales during the year are $550,000 and 3% are estimated to be uncollectible. A/R has a balance of $340,000 Journal Entry Net Realizable Value Work