Problem 2 At December 31 of the current vear. Accounts Receivable has a balance of $900,000, the Allowance for Uncollectible Accounts has a debit balance of $1,000 and net credit sales for the year are Uncollectible Accounts is estimated at $30,000. Required: 1. Journalize the adjusting entry. Omit the explanation. 2. Determine the net realizable value of accounts receivable at the end of the year. $3,000,000. Using the aging-of-receivables method, the balance of Allowance for