The balances on December 31 before any adjustments : Sales - 5,000,000 Accounts Receivable-600,000 Allowance for...

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The balances on December 31 before any adjustments : Sales - 5,000,000 Accounts Receivable-600,000 Allowance for doubtful accounts- 25,000 Required: Assuming on December 31,2019, the company determined that 2% of sales is uncollectible. question 1. What is the adjusting entry to recognize this? Question 2. What is the balance of the allowance for doubtful accounts after effecting the adjustment? Question 3. What is the net realizable balance of the ac- counts receivable ? Part 2. Assuming on December 31,2019, the company de- termined that 4% of accounts receivable is deemed uncol- lectible. question 1. What is the adjusting entry to recognize this? Question 2. What is the balance of the allowance for doubt- ful accounts after effecting the adjustment? Question 3. What is the net realizable balance of the ac- counts receivable ? End of document I The balances on December 31 before any adjustments : Sales - 5,000,000 Accounts Receivable-600,000 Allowance for doubtful accounts- 25,000 Required: Assuming on December 31,2019, the company determined that 2% of sales is uncollectible. question 1. What is the adjusting entry to recognize this? Question 2. What is the balance of the allowance for doubtful accounts after effecting the adjustment? Question 3. What is the net realizable balance of the ac- counts receivable ? Part 2. Assuming on December 31,2019, the company de- termined that 4% of accounts receivable is deemed uncol- lectible. question 1. What is the adjusting entry to recognize this? Question 2. What is the balance of the allowance for doubt- ful accounts after effecting the adjustment? Question 3. What is the net realizable balance of the ac- counts receivable ? End of document I