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(Solved): a. Determine the amount of the adjusting entry for uncollectible accounts. \[ ...



a. Determine the amount of the adjusting entry for uncollectible accounts.
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b. Determine the adjusted balances of Acco???????

a. Determine the amount of the adjusting entry for uncollectible accounts. \[ x \] 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. \[ x \] Foctitack T Check My Vark b. Under the percent of sales method, the amount of the adjustment is the amount estimated for Bad Debt Expense, c. Remember that net realizable value is the amount that is expected to be collected or realized.


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a. Adjusting entry for uncollectible accounts = $15,525 Bad Debt Expense =Sales x Estimated Uncollectible Percent=$2,070,000×0.75%=$15,525.00
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