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Determine the amount of the adjustment entry

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Problem - At the end of the current year, Accounts Receivable has a balance of $750,000; Allowance for Doubtful Accounts has a debit balance of $6,200; and the sale for the year total $3,500,000.bad debt expense is estimated at 1/2 o1 % of sales.

Determine a) the amount of the adjustment entry for the debt expense; b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; c) The net realizable value of accounts receivable.

Reference no: EM132468137

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