Module 2 Assignment Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $540,000; Allowance for Doubtful Accounts has a credit balance of $5,000; and sales for the year total $2,430,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $ 18,225 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable $ 540,000 Allowance for Doubtful Accounts $ 17,150 X Bad Debt Expense 1215 x c. Determine the net realizable value of accounts receivable. $ 522,850