The general ledger shows the following balances: Accounts Receivable $50, 000, Allowance for Doubtful Accounts $2, 000 (credit balance) and Sales $500, 000. If the company wrote off an account as uncollectible for $500, the accounts receivable net realizable value after the write-off would be: $49, 500 $48, 000. $47, 500. $47, 000. If the determination of bad debts was based on 1% of credit sales, the bad debt expense for the year would be: $5, 000. $4, 980. $4, 500. $4, 000 If the determination was based on 10% of accounts receivable, the bad debt expense for the year would be $5, 000. $4, 800. $4, 500. $3, 000. Whichever method is used in questions 46 and 47 to estimate bad debts, the journal entry would be: Debit Bad Debts/credit Allowance for Uncollectible Accounts. Debit.Allowance for Uncollectible Account/credit Bad Debts. Debit Allowance for Uncollectible Accounts/credit Accounts Receivable Debit Sales/credit Allowance for Doubtful Accounts. A payroll tax that is shared by the employer and employee is: Federal and state unemployment taxes. Federal withholding tax. Federal excise tax. Social Security/Medicare. A company has a payroll of $100, 000. Social security is 7.65%. The employees will have $7, 650 withheld from their paycheck. The company will record an expense of $7, 650. Both "a and b". Only the employees will have an expense