WWOker=&takeAssignmentSessionLocator=&inprogress=false Show Me How Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $2,450,000, Allowance for Doubtful Accounts has a credit balance of 514,380, - sales for the year total $31,600,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $250,000 a. Determine the amount of the adjusting entry for uncollectible accounts. 235,140 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense Accounts Receivable 340,500 X S Allowance for Doubtful Accounts 250,000 Bad Debt Expense 235,140 c. Determine the net realizable value of accounts receivable. 338,000 X MO The analysis of receivables method is based on the assumption that the longer an accountable outstanding the collected The amount of the adjusting entry is the amount that will yield an adjusted balance for Allowance for the Check My Work more Charm