2. b. Post each entry that affects the following T accounts and determine the new balances: Allowance for Doubtful Accounts Apr. 3 July 16 10,860 Jan. 1 Balance 39,800 12,675 Jan. 19 1,895 Dec. 31 18,585 Nov. 23 3,090 Dec. 31 Unadjusted Balance 2,665 Dec. 31 Adjusting Entry 39,135 Dec. 31 Adjusted Balance 41,800 Bad Debt Expense Dec. 31 Adjusting Entry 39,135 Feedback 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). 919,600 4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of of 1% of the sales of $5,940,000 for the year, determine the following: a. Bad debt expense for the year. 29,700 b. Balance in the allowance account after the adjustment of December 31. 27,035 X c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). 5,912,965 X