Provision for uncollectible accounts $1/1/2022($Provision for doubtful accounts$)$ $$5,000$

Accounts receivable $1/1/2022($Accounts receivable$)500,000$

Collections from credit sales $325,000$

Provision for doubtful accounts $12/31/22($Provision for doubtful accounts$)1,500($cr$)$

$($Estimated balance of bad debts$)$

Sales on credit during the year $($sales on account$)100,000$

Deleted accounts $4,800$

Required: Answer the following questions using the information above

$1.$ Determine Bad Debt Expense $\_\_\_\_\_\_\_\_\_$

$2.$ Provision balance for uncollectible accounts

account$)$ that will be presented in the Balance Sheet on $31$

December $2022\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$3.$ Balance of accounts receivable $($accounts receivable balance$)$ as of $12/31/2022$

$\_\_\_\_\_\_\_\_\_\_\_$

$4.$ The net realizable value of Accounts Receivable as of December $31$

December is $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$