(Solution) - Using the data in Exercise 8 10 assume that the allowance -(2025 Original AI-Free Solution)

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Using the data in Exercise 8-10, assume that the allowance for doubtful accounts for Fontaine Bikes Co. had a debit balance of $3,000 as at December 31, 2015.
a. Journalize the adjusting entry for uncollectible accounts as at December 31, 2015.
b. Determine the net realizable value of accounts receivable as at December 31, 2015.