Question: After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $471,200 and Allowance for Doubtful

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $471,200 and Allowance for Doubtful Accounts has a balance of $27,500. Describe how the accounts receivable and the allowance for doubtful accounts are reported on the balance sheet.

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