PEN09.03. ALGO (Algorithmic) Percent of Saler Methad: At the end of the cufrent year, Accounts Receivable has a balance of $435,000, Alawance for Doubeful Accounts has a debit balance of $4,000, and sales for the year total $1,960,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectble accounts. b. Determine the adjusted balances of Acoounts Receivable, Allowance for Deubtful Accounts, and Bad Dect Expense. c. Determine the net reatizable valupof sccounts recelvable. 5