On october 1, the beginning of the new term, davis institite, a private school, recieves $168,500 in tuition for the upcoming semester, which last forur months. davis institutes fiscal year ends december 31 how much revenue would davis recognize from this amout for the current year

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.)