Question: Really confused, may someone help solve and will thumbs up At the end of the current year, Accounts Receivable has a balance of $864,400; Allowance

Really confused, may someone help solve and will thumbs up

At the end of the current year, Accounts Receivable has a balance of $864,400; Allowance for Doubtful Accounts has a credit balance of $6,647; and sales for the year total $3,041,000. Bad debt expense is estimated at 1/2 of 1% of net 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. c. Determine the net realizable value of accounts receivable

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