Show how accounts receivable would be presented on the balance sheet. Nash Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Nash's Accounts Receivable account was $592,700 and Allowance for Doubtful Accounts had a credit balance of $40,680. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for allowance for doubtful accounts Attempts: 1 of 3 used