Question: Using the data in Exercise 8-10, assume that the allowance for doubtful accounts for Fontaine Bikes Co. had a debit balance of $3,000 as at

Using the data in Exercise 8-10, assume that the allowance for doubtful accounts for Fontaine Bikes Co. had a debit balance of $3,000 as at December 31, 2015.
a. Journalize the adjusting entry for uncollectible accounts as at December 31, 2015.
b. Determine the net realizable value of as at December 31, 2015.

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