At the end of the current year, accounts receivable has a balance of $4,375,000; allowance for doubtful accounts has a debit balance of $ 21,300; and sales for the year total $102,480,000 using the aging method, the balance of allowance for Doubtful Accounts is estimated as $205,000. a. Determine the amount of the adjusting entry for uncollectible accounts. s b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
c. Determine the net realizable value of accounts receivable.