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halysis of recelivables method At the end of the current year, Accounts Roceivabla has a...

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Accounting

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halysis of recelivables method At the end of the current year, Accounts Roceivabla has a balance of $685,000; Allowance for Doubtful Accosints has a debit balance of $6,000; and sales for the year total \$3,060,000. Using the aging method, the batance of Alowance for Doubtul Accounts is estimated as $21,000. a. Determine the anount of the adjusting entry for uncollectible accounts. x b. Oetermine the adjuted balances of Accounts freceivable, Allowance for Doubthul Accounts, and Bad Debt Expense. c. Determine the ret realizabie value of accounts receivable

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