An analysis of the accounts receivable balance of $8702 on the records of Jorgenson, Inc., on December 31 reveals the following:
Accounts from sales of the last three months (appear to be fully collectible): $7460
Accounts from sales prior to October 1 (of doubtful value): 1312
Accounts known to be worthless: 320
Dishonored notes charged back to customers' accounts: 800
Credit balances in customers' accounts: 1190
(a) what adjustments should be made?
(b) how should the various balances be shown on the balance sheet?