eBook Show Me How Print Item Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $720,000; Allowance for Doubtful Accounts has a credit balance of $6,500; and sales for the year total $3,240,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. 24,300 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Adjusted Balance Debit (Credit) 720,000 Allowance for Doubtful Accounts i 30,800 Bad Debt Expense 37,300 X c. Determine the net realizable value of accounts receivable.