Question: need help please est #4 Chapters 9 - 11 At the end of the current year, Accounts Receivable has a balance of $127,450 Allowance for
est #4 Chapters 9 - 11 At the end of the current year, Accounts Receivable has a balance of $127,450 Allowance for Doubtful Accounts has a debit balance of $3,386 and sales for the year total $913,000. Bad debt expense is estimated at 3% of sales. a. Determine the amount of the adjusting entry for bad debt expense. $ 273,900 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Accounts Receivable 127,450 Allowance for Doubtful Accounts 270,514 Bad Debt Expense 273,900 c. Determine the net realizable value of accounts receivable
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