Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $765,000; Allowance for Doubtful Accounts has a debit balance of $7,000; and sales for the year total $3,440,000. Bad debt expense is estimated at 1.1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $44,840 X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable 765,000 Allowance for Doubtful Accounts 37,840 X Bad Debt Expense 44,840 X c. Determine the net realizable value of accounts receivable. 727,160 X