Question 2 Not yet answered Marked out of 1.00 Nowakowski Products needs to prepare their year-end financial statements. On December 31, 2021, the balance in Accounts Receivable was $680,000. An aging analysis of the accounts receivable indicated that $16,500 of the accounts receivable is expected to be uncollectible. Prepare the adjusting entry to record the estimated bad debt expense using the aging method. Assume the Allowance for Doubtful account has a debit balance of $500 before the adjusting entry. The debit for the adjusting entry is: The credit to the adjusting entry is: What is the carrying value of the accounts receivables on the balance sheet at the year end? Accounts Receivable 17,000 Choose... Allowance for Doubtful Accounts 16,000 Bad Debt Expense 16,000 Allowance for Doubtful Accounts 17,000 $663,500 Sales 16,500 $663,000 Accounts Receivable 17,000 Bad Debt Expense 17,000 Previous.noae. $679,500 Next nage