New Tab m/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress-false * eBook Percent of Sales Method Show Me How Print Item At the end of the current year, Accounts Receivable has a balance of $505,000, Allowance for Doubtful Accounts has a credit balance of $4,500, and sales for the year total $2,270,000. Bad debt expense is estimated at 1.25% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance. Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense 505,000 c. Determine the net realizable value of accounts receivable. Feedback Check My Work a fonember that since accounts receivable are created by credit sales, uncollectible accounts can be estimated as a percent of credit sales. If the portion of credt sales