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At the end of the current year, Accounts Receivable has a balance of $907,940; Allowance...

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Accounting

At the end of the current year, Accounts Receivable has a balance of $907,940; Allowance for Doubtful Accounts has a credit balance of $5,879; and sales for the year total $2,297,000. 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.

Adjusted Balance
Accounts Receivable $
Allowance for Doubtful Accounts
Bad Debt Expense

c. Determine the net realizable value of accounts receivable. $

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