Georgia Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $600,000 and credit sales are $2,700,000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Georgia Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment? The preferred method of accounting for uncollectible accounts is the: a. actual method. net realizable method. direct write-off method and the net realizable method. allowance method. m On March 1, Ron took out a $100,000, 12%, 1 year loan from Stunda Bank. What entry would Stunda Bank make on March 1; and what adjusting er