Percent of Sales Method

At the end of the current year, Accounts Receivable has a balance of $$415,000$; Allowance for Doubtful Accounts has a debit balance of $$3,500$; and sales for the year

total $$1,870,000.$ Bad debt expense is estimated at $\frac{1}{4}$ of $1\%$ of sales.

a$.$ Determine the amount of the adjusting entry for uncollectible accounts.

$

b$.$ Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.

c$.$ Determine the net realizable value of accounts receivable.

$