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The ledger for Rainbow Company at the beginning of 2019 shows Accounts Receivable $400,000 and Allowance for Doubtful Accounts $50,000. Both accounts reflect the normal

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The ledger for Rainbow Company at the beginning of 2019 shows Accounts Receivable $400,000 and Allowance for Doubtful Accounts $50,000. Both accounts reflect the normal balance. During the year. Rainbow Company reported credit sales of $870,000 and collections of $800.000 Rainbow wrote off a total of $75,000 in uncollectible accounts receivable but was later able to recover $50.000 Uncollectible accounts receivable are estimated to total $90,000 at the end of the period Instructions: (All answers should include a comma and a dollar sigo) Determine the ending balance in Accounts Receivable (a) Determine the ending balance in Allowance for Doubtful Accounts [b] Determine the bad debt expense for the period [c] Determine the net realizable value of the receivables at the end of the period [d]

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