Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $540,000; Allowance for Doubtful Accounts has a debit balance of $5,000; and sales for the year total $2,430,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $ b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts $ $ $ Bad Debt Expense c. Determine the net realizable value of accounts receivable. $ Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $960,000; Allowance for Doubtful Accounts has a credit balance of $8,500; and sales for the year total $4,320,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $34,900. a. Determine the amount of the adjusting entry for uncollectible accounts. $ b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts $ Bad Debt Expense c. Determine the net realizable value of accounts receivable