Problem 3 At the beginning of 2020, Hades Company had the following balances Accounts Receivable Allowance Se Doubtful Accents $200,000 (debi 2,000 (credit) Record the following journal entries for events that occurred during 2020. The company had total sales of $1,000,000. 80% were on credit and 20% were cash sales Account Titles Debit cash The company collected $700,000 from customers paying on accounts Account Titles Debit The company wrote off $3,000 of uncollectible accounts during the year. Account Titles Debit Credit Credit Credit At the end of the year, the company recognized bad debts assuming that bad debes expense is 3% of credit sales Account Titles Debit Credit What is the year-end Net Realizable Value of Accounts Receivable using the above approach to estimating bad debes?