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b)The percentage of receivables method is used and an analysis of the accounts produces an estimate of $7,040 in uncollectible accounts

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b)The percentage of receivables method is used and an analysis of the accounts produces an estimate of $7,040 in uncollectible accounts. entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-Dec. 31 Bad Debt Expense 7,375 X 1 2 Allowance for Doubtful Accounts 7,375 X 2 3 3 Feedback Check My Work Accounts receivable, December 31, 20-- 29,725 Less allowance for doubtful accounts 7,375 X Net realizable value 22,350 X