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At the end of the current year, Accounts Receivable has a balance of $917,980; Allowance...

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Accounting

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At the end of the current year, Accounts Receivable has a balance of $917,980; Allowance for Doubtful Accounts has a credit balance of $5,929; and sales for the year total $2,936,000. 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. I b. Determine the adjusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debk Expense. c. Determine the net realizable value of accounts receivable

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