Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $535,000; Allowance for Doubtful Accounts has a credit balance of $5,000; and sales for the year total $2,410,000. 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 c. Determine the net realizable value of accounts receivable. Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $720,000; Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,240,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $35,100. 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. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Note Receivable Hasty and Tasty Foodservice received a 120-day, 7% note for $48,000, dated April 9, from a customer on account. Assume 360 days in a year. a. Determine the due date of the note. b. Determine the maturity value of the note. C. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank