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14 (2 points) Using the percentage of receivables basis for recording bad debts expense, estimated uncollectible accounts are 4% of Accounts Receivable. Accounts Receivable total

14 (2 points) Using the percentage of receivables basis for recording bad debts expense, estimated uncollectible accounts are 4% of Accounts Receivable. Accounts Receivable total balance is $12,500,000 The Allowance for Doubtful Accounts has a debit balance of $100,000 before adjustment What is the amount of bad debts expense for that period? $400,000 $600,000 $100,000 $500,000

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