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UUTUU TUV Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $675,000, Allowance for Doubtful Accounts has

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UUTUU TUV Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $675,000, Allowance for Doubtful Accounts has a $6,000, and sales for the year total $3,040,000. Using the aging method, the balance of Allowance for Doubtful Accoun $ 24,600. 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 Receivable Allowance for Doubtful Accounts Bad Debt Expense 6. Determine the net realizable value of accounts receivable, eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $799,000 and sales for the year total $9,060,000 a. The allowance account before adjustment has a credit balance of $10,800. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $10,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $34,600 c. The allowance account before adjustment has a debit balance of $8,500. Bad debt expense is estimated at 1/2 of 1% of sales. d. The allowance account before adjustment has a debit balance of $8,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $70,600. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above a. $ b. d. $ Check My Work

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