answer it completely. s tutor. Transcribed Image Text: The balances on December 31 before any adjustments : Question 2. What is the balance of the

answer it completely. s tutor. Transcribed Image Text: The balances on December 31 before any adjustments :
Question 2. What is the balance of the allowance for doubt-
Sales – 5,000,000
ful accounts after effecting the adjustment?
Question 3. What is the net realizable balance of the ac-
Accounts Receivable- 600,000
counts receivable ?
Allowance for doubtful accounts- 25,000
tn nt
Required: Assuming on December 31,2019, the company
determined that 2% of sales is uncollectible.
question 1. What is the adjusting entry to recognize this?
Question 2. What is the balance of the allowance for
doubtful accounts after effecting the adjustment?
Question 3. What is the net realizable balance of the ac-
counts receivable ?
Part 2. Assuming on December 31,2019, the company de-
termined that 4% of accounts receivable is deemed uncol-
lectible.
question 1. What is the adjusting entry to recognize this?
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