At the end of the current year accounts recievable has a

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Reference no: EM13604311

At the end of the current year, Accounts Recievable has a balance of 700,000; Allowance for doubtful accounts has a credit balance of $5500; and net sales foee the year 3,500,000. Bad debt expense is estimated at 1/2 of 1% of net sales.

Determine:
(a) Amount of adjusting entry for uncollectible accounts $
(b) Adjust balance of Accounts Receivable $
allowance od doubful Accounts $
Bad Debt Expense $

Reference no: EM13604311

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