ingage gnment-take&norogress-; QSearch … Show He How Analyzis ot Reccivablas Nct

Question

ingage gnment-take&norogress-; QSearch … Show He How Analyzis ot Reccivablas Ncthod A the and at the currant year, Accounts Racanabla hasabalanca at s3ES,000; Allowance tor Daubthul Accounts has a crodt babncs o $8,0do; and salas ter the yeartotal $3,890,000. Ling tha acina mathod, tha balanca ct Alowancs tor 2. FE U-02 ALGO a. Deterine the amount of the adjusting entry for llet ble acount 5. PE.09-05 ALGO Allow, nce for Doub fu Acccut Rad Debt Expense Progress: 45 Items 2 mare Ceck y orkuzes remaning Prevous Mext signment score:00% Save and Exit Submit Assignment for Grading

Explanation / Answer

a Amount of adjusting entry=28000-8000= 20000 b Accounts receivable 365000 Allowance for doubtful account 28000 Bad debts expense 20000 c Net realizable value = 365000-28000= 337000

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