Explain how the goods/services being donated will be collected and used for the fundraiser. Explain how you will utilize the location donated to you. Summarize how you are going to promote the event. Describe the process you will use to collect the revenue. State how you will present this process to the team of volunteers.

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.)