what is the difference between gross receivables and net realizable value of accounts receivable? (the difference between question 5and 6?)

Belle Company has the following account balances at December 31, 2017 Accounts Receivable Allowance for Doubtful Accounts Sales (all on credit) Sales Returns Bad Debt Expense 100,000 1,000 920,000 20,000 1. What are gross receivables at December 31, 2017? 0C 00o 2. What is the net realizable value of accounts receivable at December 31, 2017? 3. How much cash does Belle Company expect to collect from its receivables? 4, 000 4. Assume the Company estimates that Bad Debt Expense for 2017 are 1% of net sales. Prepare the loco-l,00,-99,000 ad Debt 5. 6. 7. adjusting entry for December 31, 2017 92Oool-2000): 900000 x 12- *9,000 After the adjusting entry in #4, what are gross receivables? 100 a) After the adjusting entry in #4, what is the net realizable value of accounts receivable? If an account is written off as uncollectible on January 5, 2018 for $1,000 lous 9000 0,000 R 100.000 Allow lo ao a. What is the journal entry? AlR OOD b. What impact does the write-off on 1/5/18 have on: none A 19,00o li. Gross accounts receivable -,000Hlo 1,000 i. Net income