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  3. at the end of the current year, accounts receivabl

At the end of the current year, Accounts Receivable has a balance of $103,560 Allowance...

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Accounting

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At the end of the current year, Accounts Receivable has a balance of $103,560 Allowance for Doubtful Accounts has a debit balance of $3,547 and net $1,153,000. Bad debt expense is estimated at 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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