Percent of Sales Method At the end of the current year, Accounts Recevable has a balance of $710,000; Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,200,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. 27,300 x b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable 710,000 Allowance for Doubtful Accounts 33,800 X Bad Debt Expense 27,300 X c. Determine the net realizable value of accounts receivable. 676,200 X