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Show Me How Calculator eBook Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $895,000; Allowance for

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Show Me How Calculator eBook Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $895,000; Allowance for Doubtful Accounts has a debit balance of $8,000; and sales for the year total $4,030,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense Accounts Recelvable Allowance for Doubtful Accounts Bad Debt Expense c. Determinethe net realizable value of accounts receivable

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