A 9. At the end of the current year, Accounts Receivable has a balance of $2,100,000; Allowance for Doubtful Accounts has a credit balance of $2,500; and net sales for the year total $3,500,000. Bad debt expense is estimated at 1/2 of 1% of accounts receivables. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance of Doubtful Accounts; and Bad Debt Expense; and (c) the net realizable value of accounts receivable. Post Date Description Ref Debit Credit Bad Debt Expense 10,500 Allowance for Doubtful 10,500 Accounts Accounts Receivable Allow for Doubtful Accts Bad Debt Expense Accounts Receivable = 2,100,000 x 0.01 = X 0.5 X 21,000 = 10.500.