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3) You are an accountant working for Hailey Fashion. The estimated net realisable value of...

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3) You are an accountant working for Hailey Fashion. The estimated net realisable value of its accounts receivable as of December 31, 2021, is $177,000. Based on the ageing schedule of accounts receivable. Hailey Fashion has also provided you with the following information: The accounts receivable on 31st dec was $189,400. The allowance for doubtful accounts balance on jan 1 was $17,400. Uncollectible accounts receivable written off totaled $13,200. Bad debt expense is

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