The ledger for Air Space Company at the beginning of 2019 shows Accounts Receivable $200,000 and Allowance for Doubtful Accounts $25,000. Both accounts reflect the normal balance. During the year, Air Space Company reported credit sales of $435,000 and collections of $400,000. Air Space wrote off a total of $37,500 in uncollectible account receivable but was later able to recover $25,000. Uncollectible accounts receivable are estimated to total $45,000 at the end of the period.

Instructions: (All answers should include a comma and a dollar sign)

Determine the ending balance in Accounts Receivable

Determine the ending balance in Allowance for Doubtful Accounts

Determine the bad debt expense for the period

Determine the net realizable value of the receivables at the end of the period