Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $805,000, Allowance for Doubtful Accounts has a credit balance of $7,000, and sales for the year total $3,620,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $ 27,150 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) 805,000 Accounts Receivable Allowance for Doubtful Accounts 20,150 X $ $ Bad Debt Expense 27,150 c. Determine the net realizable value of accounts receivable. $ 784,850 X