Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $625,000; Allowance for Doubtful Accounts has a debit balance of $5,500; and sales for the year total $2,810,000. Bad debt expense is estimated at 1/4 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. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense $ $ 3. Determine the net realizable value of accounts receivable. $