Use the Dynamic Exhibit to answer the following questions. 1. When the percent of uncollectible accounts is 75%, the entry for bad debt expense is a debit to bad debt expense for $ 2. When the percent of uncollectible accounts is 1%, the entry for bad debt expense is a debit to bad debt expense for s 3. When the unadjusted balance of Allowance for Doubtful Accounts is a debit of $2,150, and the percent of uncollectible accounts is .75%, the adjusted balance at December 31 after the entry for uncollectible accounts is made is $ 4. When the unadjusted balance of Allowance for Doubtful Accounts is a credit of $3,250, and the percent of uncollectible accounts is 75%, the adjusted balance at December 31 after the entry for uncollectible accounts is made is $ Percent of Sales Method: At the end of the current year, accounts receivable has a balance of $240,000; allowance for doubtful accounts has a credit balance of $3,250 and credit sales for the year are $3,000,000. Bad debt expense is estimated at 0.75% of credit sales. Estimate uncollectible accounts and prepare the journal entry to adjust bad debt expense and allowance for doubtful accounts. $2,100(Dr.) $3,250(Cr.) Move the slider to change the values. Balance of allowance for doubtful accounts Click on to view the information. Percent of uncollectible accounts 0.75% 1% View Analysis Page 01 Adjusting entry recorded for bad debt expense of $22,500. The bad debt expense is computed as credit sales times the estimated percent of bad debts ($3,000,000 x 0.75%). Date Debit Credit Adjusting Entry Dec. 31 Bad Debt Expense 22,500 Allowance for Doubtful Accounts 22,500 Uncollectible accounts estimate ($3,000,000 x 0.75% = $22,500) Bad Debt Expense Allowance for Doubtful Accounts Adj. Entry 22,500 Jan. 1 Bal. 30,000 Dec.31 Adj. Bal. 22,500 accounts written off ... Unadj. Bal. 3,250 Adj. Entry 22,500 Dec.31 Adj. Bal. 25,750