At the beginning of 2018, accounts receivable was at 200.000 and allowance for doubtful accounts had a credit balance of 9.000. Sales on account were at 800.000, collected claims were at 763.000, bad debt expense was at 7.300 but part of it was collected later. That amount was 3.100. At the end of the year, it is estimated that 25.000 of outstanding claims will be lost.
A) Record transactions on t-accounts?
B) Record adjusting entries for the estimated bad debts on t-accounts
C) What is the net value of the claims at the end of the year?
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