Bernard burrows rm8889 at 15%per annum simple interest. he agrees to settle the loan by paying x ringgit, 2x ringgit and 3x ringgit in two months, five months and nine months respectively. find the value of x using the present as the focal date

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.)