Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $860,000; Allowance for Doubtful Accounts has a credit balance of $7,500; and sales for the year total $3,870,000. Bad debt expense is estimated at 3/4 of 1% of sales. 1. Determine the amount of the adjusting entry for uncollectible accounts $(_______) 2. Determine the adjusted balances of Accounts Receivable $(_____), Allowance for Doubtful Accounts $(_______), and Bad Debt Expense $(______). Determine the net realizable value of accounts receivable. $(_____)