Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $445,000; Allowance for Doubtful Accounts has a debit balance of $4,000; and sales for the year total $2,000,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. 4 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net realizable value of accounts receivable