At the end of the current year, Accounts Receivabie has a balance of $761,300; Allowance for Doubtful Accounts has a credit balance of $7,427; and credit sales for the. year total $3,492,000. Bad debt expense is estimated at 1/2 of 1% of credit sales. a. Determine the amount of the adjusting entry for bad debt expense. b. Determine the adjusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Expense