Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $750,000; Allowance for Doubtful Accounts has a credit balance of $6,500; and sales for the year total $3,380,000. Bad debt expense is estimated at 1/4 of 1% of sales. . 1. Determine the amount of the adjusting entry for uncollectible accounts. 8,450 $ 2. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable $ 750,000 Allowance for Doubtful Accounts $ Bad Debt Expense $ 8,450 3. Determine the net realizable value of accounts receivable. . $