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At the end of the current year, Accounts Receivable has a balance of $123,300; Allowance...

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Accounting

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At the end of the current year, Accounts Receivable has a balance of $123,300; Allowance for Doubtful Accounts has a debit balance of $3,200; and sales for the year total $1,079,000. Bad debt expense is estimated at 1/2 of 1% of sales. a. Determine the amount of the adjusting entry for bad debt expense. 3 b. Determine the adjusted balances of Accounts Recelvable, Alowance for Doubtful Accounts, and Bad Debt Expense. C. Detertine the net realizable value of accounts receivable

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