Solar Company uses the percentage of sales method to record bad debt expense. It estimates that 1% of net credit sales will become uncollectible. Solar Company reported the following information in its general ledger for the year ended September 30, 2017: Credit Sales Debit Credit 775,000 Sales Returns and Allowances Debit Credit 35,000 Sales Discounts Debit Credit 10,000 Accounts Recelvable Debit Credit 275,000 Allowance for Doubtful Accounts Debit Credit 4,000 (a) Your answer is correct Prepare the adjusting entry to record bad debt expense at year end. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 30 Bad Debt Expense 7300 Allowance for Doubtful Accounts 7300 Your answer is incorrect. Try again. Calculate the net realizable value of accounts receivable on September 30, 2017. Net realizable value