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Western Digital Inc., began 2022 with accounts receivable of $1,240,000 and a credit balance in allowance for doubtful accounts of $36,000. During 2022 , credit
Western Digital Inc., began 2022 with accounts receivable of $1,240,000 and a credit balance in allowance for doubtful accounts of $36,000. During 2022 , credit sales totaled $5,190,000 and cash collected from customers totaled $5,380,000. Actual write-offs during the year were $33,000. At year end it was determined that approximately 3% of accounts receivable will not be collected. Please answer the foliowing questions: a. The ending balance in accounts receivable at year end is: b. The dollar amount of the adjustment to record bad debt expense at year end is: c. What is the ending balance in allowance for doubtful account after the above adjustment is made? d. What is the net realizable value of accounts receivable after the adjustment is made
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