Percent of Sales Method At the end of the current year, Accounts Recevable has a balance of $450,000: Allowance for Doubtful Accounts has a debit balance of $4,000, and sales for the year total $2,030,000. Bad debt expense is estimated at 1/4 of 1% of sales a. Determine the amount of the adjusting entry for uncollectible accounts. 5,075 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expenses Accounts Receivable 450,000 Allowance for Doubtful Accounts S 9,075 X Bad Debt Expense 5 5,0757 Determine the level of accounts receivable 440,925 X