At the end of the current year accounts receivable has a

Reference no: EM13595265

At the end of the current year, Accounts Receivable has a balance of $2,500,000; Allowance for Doubtful Accounts has a debit balance of $9,000; and net sales for the year total $32,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $76,000.

Determine

(a) the amount of the adjusting entry for uncollectible accounts.

(b) the adjusted balances of accounts receivable, allowance for doubtful accounts, and bad debt expense

Reference no: EM13595265

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