Ch 9-2 Practice Exercises eBook Show Me How Calculator Print Item 1. PE.09-01. ALGO Percent of Sales Method 2. PE.09-02. ALGO At the end of the current year, Accounts Receivable has a balance of $535,000; Allowance for Doubtful Accounts has a debit balance of $5,000; and sales for the year total $2,410,000. Bad debt expense is estimated at 1/2 of 1% of sales. 3. PE.09-03 ALGO a. Determine the amount of the adjusting entry for uncollectible accounts. $ 12,050 4. PE.09-04. ALGO b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. 5. PE.09-05 ALGO Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable