Percent of Sales Method Show Me How At the end of the current year, Accounts Receivable has a balance of $4,770,000, Mowance for Dobed Accounts has a debit balance of $17,230, and sales for the year total $63.800.000. Bad Debt Expense is estimated at % of 1% of a Determine the amount of the adjusting entry for uncollectible accounts 158,000 X b. Determine the adjusted balances of Accounts Receivable, Allowance for Doud Accounts and Bad Debt Expense Adjusted Balance Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Debit (Credit) 2,450,000 172.860 158,000 Determine the net realizable value of accounts receivable 2,377,140