Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance...

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Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $755,000; Allowance for D

business accounting

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Answer 1

Answer #1

a) Adjusting entry = 24500-7000 =17500

b) Account receivable = 755000

Allowance for doubtful accounts = 24500

Bad debt expense = 17500

c) Net realizable value = 755000-24500 = 730500

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Answer 2

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