Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $675,000; Allowance for Doubtful Account has a debit balance of 56,000; and sales for the year total $3,040,000 Bad debt expense is estimated at 1.25% of sales a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and had Debt expense Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the netreuble value of accounts receivable