Percent of Sales Method At the end of $8,000; and sales for the year total $4,050,000. Bad debt expense is estimated at 1.25% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts the current year, Accounts Receivable has a balance of $900,000; Allowance for Doubtful Accounts has a credit balance of b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable