Allowance for Doubtful Accounts has a debit balance of $326 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 3% of sales. If net credit sales are $974,300, the amount of the adjusting entry to record the estimate of the uncollectible accounts is Oa a. $28,903 Ob. $326 O c. $29,229 Od. $29,555 At the end of the current year, Accounts Receivable has a balance of $165,880; Allowance for Doubtful Accounts has a debit balance of $3,066; and sales for the year total $943,000. Bad debt expense is estimated at 1/2 of 1% of sales. a. Determine the amount of the adjusting entry for bad debt expense. $ b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Accounts Receivable $ Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable