At the end of the current year, Accounts Receivable has a balance of $145,600; Allowance for Doubtful Accounts has a debit balance of $4,104; and sales for the year total $1,084,000. Bad debt expense is estimated at 3% 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. Prior to adjustment at August 31, Salary Expense has a debit balance of $237,580. Salaries owed but not paid as of the same date total $2,890, Required: Present the entries to record the following: (1) Accrued salaries as of August 31, (2) Closing of Salary Expense as of August 31. "Refer to the Chart of Accounts for exact wording of account titles. Based upon the following data, estimate the cost of ending inventory using the gross profit method. Sales $662,000 Estimated gross profit rate Beginning inventory Purchases (net) Merchandise available for sale $ $719,900