At the end of the current year, Accounts Receivable has a balance of $703,310; Allowance for Doubtful Accounts has a credit balance of $5,267; and sales for the year total 52,468,000 Bad debit expense is estimated at 1/2 of 1% of net 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 Debit Expense Determine the net reliable value of accounts receivable