Allowance Method for Accounting for Bad Debts account during the year were $780,000. The company wrote off $5,000 of uncollectible accounts during the year. Required: 1. Identify and analyze the sales during 2017. How does this entry affect the accounting equation? Thentify and analvze the trancartinne related th the rollectinne of rach durinn 2017. Identify and analyze the transactions related to the write-offs of accounts receivable during 2017. How does this entry affect the accounting equation? a. Identify and analyze the adjustments to recognize bad debts assuming that bad debts expense is 4% of credit sales. How does this entry affect the accounting equation? How does this entry affect the accounting equation? 3. What is the net realizable value of accounts receivable on December 31,2017 , under each assumption in part (2)? Using the percentage of sales approach, the net realizable value of the receivables is? $ Using the percentage of year-end receivables approach, the net realizable value is $ 4. The recognition of bad debts expense the net realizable value by the amount recorded in bad debts expense and the . The write-off of accounts the net realizable value