Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $400,000, Alomatice for both Accounts rats a credit bounce of 14,000 and sales for the year to 3,070,000 expenses estimated Determine the amount of the adjusting entry for collectible accounts b. Determine the adjusted balances of Accounts Receivable Allowance for Doubtful Accounts, Bed Debt Expense Adjusted Balance Debit (Credit) Accounts receivable Mlowance for both Account tad Debt Expense c. Determine the remotable value of accounts receivable