Accounting systems that must follow gaap. financial

b. external parties for whom financial accounting reports are prepared. financial

c. the role managers play when they are monitoring day-to-day ▼ operations and keeping the company on track.

d. internal decision makers.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)