Date Qty. Unit Cost Total Cost Oty. Unit Cost Total cost Qty. Unit Cost Total Cost July 2 600 $12.00 7,200 5 200 $13.00 2,600 200 13 2,600 100 12 1,200 10 325 $14.00 4,550 325 14 4,550 12 125 12 1,500 Il lll lll III III III III 18 250 $13.00 3,250 22 250 13 3,250 5 25 300 28 330 $15.00 4,950 31 75 31 Bal Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $4.375,000; Allowance for Doubtful Accounts has a debit balance of $21.300; and sales for the year total $100,400,000. Bad debt expense is estimated at 1/4 of 1% of sales a. Determine the amount of the adjusting entry for uncollectie accounts. 1. Determin the adjusted balance of Accounts Receivable. Allowance for Doubtful Accounts, and Bad Debt pente Accounts Receivable Allowance for Doubtful Accounts 5 Bad Debt Expense Determine the net of accounts receivable