Record the Adjusting Entry

2-4 2.452 PE 9-4B Analysis of receivables method OBJ.4 At the end of the current year, Accounts Receivable has a balance of $3,460,000, Allow- ance for Doubtful Accounts has a debit balance of $12,500, and sales for the year total $46,300,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $245,000. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable