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Determine the net realizable value of accounts receivable

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Point 1: At the end of the current year, Accounts Receivable has a balance of $2,150,000; Allowance for Doubtful Accounts has a debit balance of $10,500; and sales for the year total $51,850,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $110,000.

Question 1: Determine the amount of the adjusting entry for uncollectible accounts.

Question 2: Determine the adjusted balance of Bad Debt Expense.

Question 3: Determine the net realizable value of accounts receivable.

Reference no: EM132477616

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