Novak Corp. uses the percentage-of-receivables basis to record bad debt expense. The company estimates that 2% of accounts receivable will become uncollectible. (a) Your answer is correct. Prepare the adjusting journal entry to record bad debt expense for the year. (Credit account tities are outomatically indented when amount is entered. Do not indent manualiy) What is the ending (adjusted) balance in Allowance for Doubtful Accounts? (Post entries in the order of journal entries posted in the prevlous part! What is the cash (net) realizable value? Cash (net) realizable value $