Question: $ 3 , 5 0 0 , 0 0 0 . Bad debt expense is estimated at 1 2 of 1 % of credit sales.

$3,500,000. Bad debt expense is estimated at 12 of 1% of credit sales.
a. Determine the amount of the adjusting entry for bad debt expense.
$
b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
Adjusted Balance
Accounts Receivable
$
Allowance for Doubtful Accounts
Bad Debt Expense
c. Determine the net realizable value of accounts receivable.
$
$3,500,000. Bad debt expense is estimated at 12 of 1% of

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