Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $475,000; Allowance for Doubtful Accounts has a debit balance of 54,500 ; and sales for the year total $2,140,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. 5 b. Determine the adjusted balances of Accounts Receivable, Alowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net realizable value of accounts receivable