Percent of sales method At the end of the current year

Last updated: 10/31/2023

Percent of sales method At the end of the current year Accounts Receivable has a balance of 450 000 Allowance for Doubtful Accounts has a credit balance c 4 000 and sales for the year total 2 030 000 Bad debt expense is estimated at 1 4 of 1 of sales a Determine the amount of the adjusting entry for uncollectible accounts b Determine the adjusted balances of Accounts Receivable Allowance for Doubtful Accounts and Bad Debt Expense Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c Determine the net realizable value of accounts receivable