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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of 5715,000 ; Allowance for Doubtful Accounts has a

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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of 5715,000 ; Allowance for Doubtful Accounts has a debit balance of 56,500 ; and sales for the year total 53,220,000, Bed debt enperise is estimated at 1/4 of 1% of sales, a. Determune the amount of the adjusting entry for uncollectible accounts. b. Deternvine the adjusted balances of Accounts Receivable, Allowance for Doubtiul Accounts, and Bad Debt Expense. f. Determine the net realiastile valiat of accounts receivable. x2

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