Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $675,000; Allowance for Doubtful Accounts has a credit balance of $6,000; and sales for the year total $3,040,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $ 7,600 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable: Allowance for Doubtful Accounts $675,000 V Bad Debt Expense 7,600 c. Determine the net realizable value of accounts receivable.