Brief exercise 10-3 greenspan supply does not segregate sales and sales taxes at the time of sale. the register total for march 16 is $9,180. all sales are subject to a 8% sales tax. compute sales taxes payable.

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.)