Alpha Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2016, Accounts Receivable

Alpha Company uses aging to estimate uncollectibles. At the end of the fiscal year, December 31, 2016, Accounts Receivable

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Alpha Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2016, Accounts Receivable has a balance that consists of: 

Dollar Value

Age of Account

Estimated Collectible

$125,000 

< 30 days old

98%

85,000 

30 to 60 days old

85%

50,000 

61 to 120 days old

50%

10,000 

> 120 days old

10%

The current unadjusted Allowance for Uncollectable Accounts balance is a credit balance of $1,575 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in the:

1. Accounts Receivable

2. Allowance for Doubtful Accounts

3. Bad Debt Expense