Allowance Method of Accounting for Bad Debts - % of Sales 1) On January 31, Panera Bread has a $540,000 balance in Accounts Receivable and a $8,000 balance in Allowance for Bad Debts. They estimate bad debts of $7,400 using the pereentage of sales method, Record the adjustment to recognixe Bad Debt expense below. What is Panera's Net Realizable Value of Accounts Receivable after this adjustment? 2) Pancra opts to write-off an account from a business partner for $4,400 on February 9. Record the write-off