ssigni hent/takeAsonrmentMain doinvoker ass nments&takeAssignmentS; ssion o ator

Question

ssigni hent/takeAsonrmentMain doinvoker ass nments&takeAssignmentS; ssion o ator assignment take& pro es false a?0 =i eBook Analysis of Receivables Method At the end of the current year, Accounts Recevable has a balance of $2.150,000, AB Show Me How vance for Doubtful Accounts has a debit balanceof$10.5a0: and sale for the yea t al s51.850t?Unngen g gme diet rce Allowance for Doubtful Accounts is estimated as $110,000. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable

Explanation / Answer

a Amount of adjusting entry=110000+10500=$120500 b Accounts Receivable 2150000 Allowance for Doubtful accounts 110000 Bad debt expense 120500 c Net realizable value=2150000-110000= $2040000

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