PE 9-3B Percent of sales method Obj. 4 Example Exercise 9-3 At the end of the current year, Accounts Receivable has a Show Me balance of $3,460,000, How Allowance for Doubtful Accounts has a debit balance of $12,500, and sales for the year total $46,300,000. Bad debt expense is estimated at 2 of 1% of sales. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable PE 9-4B Analysis of receivables method Obj. 4 Example Exercise 9.4 At the end of the current year, Accounts Receivable has a Show Me balance of $3,460,000, How Allowance for Doubtful Accounts has a debit balance of $12,500, and sales for the year total $46,300,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $245,000. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable