What does the acronym GAAP stand for? Please spell it out completely. list the three (3) types of Receivables that the book discusses. What kind of account is Allowance for Doubtful Accounts and what is its normal balance? At the end of the current year. Accounts Receivable has a balance of $685 000 Allowance for Doubtful Accounts has a credit balance of $9.000; and net safes tor the year total $7.400.000. Using the aging method, the balance of the Allowance for Doubtful Accounts is estimates as $50.000 What is the amount of the adjusting entry for uncollectible accounts? What is the adjusted balance for Accounts Receivable