Learning Objective 4: Describe the allowance method of accounting for uncollectible receivables. a) How do you estimate and record bad debt expense as a percent of sales under the allowance method? b) How do you record bad debt expense using an analysis of receivables under the allowance method? c) How do you record write-offs and reinstatements of customer accounts under the allowance method? d) How do you calculate the net realizable value that a company will present on its balance sheet