(Solution) - Given the information below and assuming the following balances Cash -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Given the information below, and assuming the following balances: Cash, $42,000; Accounts Receivable, $173,000; Allowance for Doubtful Accounts, $400 credit; Inventory, $12,000,
a. Prepare on December 31, 2013, the adjusting journal entry for bad debts expense.
b. Prepare a partial balance sheet on December 31, 2013, showing how net realizable value is calculated.
c. If the balance in Allowance for Doubtful Accounts were a $400 debit balance, journalize the adjusting entry for bad debts expense on December 31, 2013.
Additional Information
Alvie Co.
December 31, 2013