Calculator Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $790,000; Allowance for Doubtful Accounts has a credit balance of $7,000; and sales for the year total $3,560,000. Bad debt expense is estimated at 1/2 of 1% of sales. 1. Determine the amount of the adjusting entry for uncollectible accounts 2. Determine the adjusted balances of A ccounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense 3. Determine the net realizable value of accounts receivable