A company has $106,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding receivables are uncollectible. The current balance before adjustments) in the allowance for doubtful accounts is a(n) $960 credit. The Journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for Multiple Choice 54340 $5.252 The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable Allowance for Doubtful Accounts Net Sales 435,000 Debit 1,250 Debit 2,100,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Debit Bed Debts Expense 517350 credit Allowance for Doubtful Accounts 517.350