11-14 Calculator Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $820,000: Allowance for Doubtful Account has a debit balance of $7.500: and sales for the year total $3,690,000. Bad debt expense is estimated at 1/4 of 1 of sales a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debit Expense. Accounts Receivable Allowance for Doubtful Accounts tad Debt Expense c. Determine the reliable value of accounts receivable Previous Next >