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Percent of Sales Method At the end of the current year Accounts Receivable has a balance of $715,000, Allowance for Doubtful Account has a debit

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Percent of Sales Method At the end of the current year Accounts Receivable has a balance of $715,000, Allowance for Doubtful Account has a debit balance of $6,500; and sales for the year total 3,220,000. Bad debt eens is estimated at 1/4 of 1% of sales . Determine the amount of the adjusting entry for uncollectible accounts b. Determine the adjusted balance of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt lapanice Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the netreatable value of accounts receivable X

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