The $787 billion stimulus package enacted by the Federal government in 2009 to try to deal with the Great Recession was intended to shift the aggregate expenditures schedule down. close an inflationary expenditures gap. bring inflation down. push the aggregate expenditures schedule upward.

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.)