8-2-2 2. BE.08-04.ALGO (Algorithmic) Analysis of Recelvables Methord the end of the current year,...
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Accounting
8-2-2
2. BE.08-04.ALGO (Algorithmic) Analysis of Recelvables Methord the end of the current year, Accouts Receivable has a balance of $985,000; Ahow ance for Doubtful Accounts has a credit balance of $9,000; and sales for the year total $4,430,00o, Using the aging method, the balance of Alowance for Doubtful Accounts is estimated as $43,200 a. Determine the amount of the adjusting entry for uncollectible accounts bDetermine the ad)usted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense lowance for Doubtful Accounts s Bad Debt Expense G. Determine the net realizable value of accounts recelvable
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