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Percent of Sales Method At the end of the current yeat, Accounts Recelvable has a bulance of $545,000; Allowance for Doubthid Accounte has a credit

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Percent of Sales Method At the end of the current yeat, Accounts Recelvable has a bulance of $545,000; Allowance for Doubthid Accounte has a credit balance of $7,500 : and sales for the year total $3,800,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adfusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Expense. C. Dotiemaine thion net realisable tatue of accounts recetrable. x tomens mest Percent of Sales Method At the end of the current yeat, Accounts Recelvable has a bulance of $545,000; Allowance for Doubthid Accounte has a credit balance of $7,500 : and sales for the year total $3,800,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adfusted balances of Accounts Recelvable, Allowance for Doubtful Accounts, and Bad Debt Expense. C. Dotiemaine thion net realisable tatue of accounts recetrable. x tomens mest

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