Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $480,000, Nowance for Doors has a detit balance of $4.500, and for the year $2,160,000. Bad debt expense is estimated at 1/4 of 15 of sales. a. Determine the amount of the adjusting entry for uncollectible accounts 9,900 X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Oebt.Expense Accounts Receivable 480,000 Allowance for Doubtful Accounts 5,400 X Bad Debt Expense 9,900 X C. Determine the net realizable value of accounts receivable. 470,100 x Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $755,000 and sales for the year total $8,560,000 a. The allowance account before adjustment has a debit balance of $10,200. Bad debit expense ettimated at 3/4 of 1% of sales b. The allowance account before adjustment has a debit balance of $10,200. An aging of the accounts in the customer ledger indicates estimated doubtful counts of 532.000 The allowance account before adjustment has a credit balance of $4,800. Bad debt expense estimated at 1/2 of 1% of sales d. The allowance account before adjustment has a credit balance of $4,800. An aging of the account in the customer ledper indicates estrated debitul cements of $20,000 Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumotions through dy listed above 64,2007 a. b. 22,100 X 42,800 d. 44,600 X Hem Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Interlocking Devices to supplier of zippers for clothing 2017 Dec. 7 Received from Unitarian Clothing and Bags Co, on account, a 578,080, 60-day, e note dated December 7 Dec. 31 Recorded an adjusting entry for accrued interest on the note of December Dec. 31 Recorded the closing entry for interest revenise 2018 Feb. 5. Received payment of note and interest from Urtarian Clothing & Blogs Co. Joumalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leavet blank. Assume February has 2 days in 2018 dl. Il an amount box does not require an If required, round the interest to the nearest cent. 2017, Dec. 7 Notes Receivable 78,000 Accounts Receivable-Unitarian Clothing and Bags Co. 78,000 Dec. 31 Interest Receivable Interest Revenue 416 416 Dec. 31 416 Interest Revenue Retained Earnings 416 20Y8, Feb. 5 Cash Notes Receivable 78,000 Interest Receivable 416 624 Interest Revenue