Cullumber Company uses the percentage-of-receivables basis to record bad debt expense. Accounts recelvable (ending balance) Allowance for doubtful accounts (unadjusted) $605,000 (debit) 4,700 (debit) The company estimates that 3% of accounts receivable will become uncollectible. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account title Account Titles and Explanation Debit Credit What is the ending (adjusted) balance in Allowance for Doubtful Accounts? Ending (adjusted) balance in Allowance for Doubtful Accounts What is the cash (net) realizable value? Cash (net) realizable value