At the end of the current year, the accounts receivable account has a debit balance of $4,800,000 and sales for the year total $1,080,000. Using this information, complete #2 and # 3 below. 2. The allowance account before adjustment has a debit balance of $28,000. Bad debt expense is estimated at 34 of 1% of sales. Calculate: amount of the adjusting entry (bad debts expense) = $ adjusted balance for accts receivable = $ adjusted balance for bad debts expense = $ adjusted balance for AFDA = $ NRV = $ 3. The allowance account before adjustment has a credit balance of $12,000. Bad debt expense is estimated at of 10% of sales. Calculate: amount of the adjusting entry (bad debts expense) = $ adjusted balance for accts receivable = $ adjusted balance for bad debts expense = $ adjusted balance for AFDA = $ NRV = $