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At the end of the current year, Accounts Receivable has a balance of $153,410; Allowance...

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Accounting

At the end of the current year, Accounts Receivable has a balance of $153,410; Allowance for Doubtful Accounts has a debit balance of $4,187; and credit sales for the year total $1,100,000. Bad debt expense is estimated at 1/2 of 3% of credit 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.

c.) Determine the net realizable value of accounts receivable

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