Before the year-end adjustment the Allowance for Doubtful Accounts has a debit balance of $5,000. Using the aging of receivables method, the desired balance of the Allowance for Doubtful Accounts is estimated as $35,000. a) What is the uncollectible accounts expense for the period? b) What is the journal entry required? c) What is the balance of the Allowance for Doubtful Accounts after adjustment? d) If the accounts receivable balance is $325,000, what is the net realizable value of the receivables after adjustment?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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Before the year-end adjustment the Allowance for Doubtful Accounts has a debit

balance of $5,000. Using the aging of receivables method, the desired balance of the

Allowance for Doubtful Accounts is estimated as $35,000.

a) What is the uncollectible accounts expense for the period?

b) What is the journal entry required?

c) What is the balance of the Allowance for Doubtful Accounts

after adjustment?

d) If the accounts receivable balance is $325,000, what is the net

realizable value of the receivables after adjustment?

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