Percent of Sales Method At the end of the current year, Accounts Recelvable has a balance of $560,000; Allowance for Doubtful Accounts has a credit balance of $5,000; and saies for the year total $2,520,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Deterrine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. c. Determine the net reallable value of accounts receivable