Gregg, age 28, sees himself as a cog in the wheel of his company. he doesn't trust his immediate manager, and he certainly doesn't trust top management. gregg does his job and frankly does it well, but he does what is asked and not one bit more. he knows his company views him as replaceable and returns that view. he knows he could find a similar job with a similar salary without any trouble. gregg appears to have low levels of

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.)