A company uses the percent of receivables method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $379,000 debit 540 credit 840,000 credit All sales are made on credit. Based on past experience, the company estimates that 5% of receivables are uncollectible, what amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $18.410 $4,900 $19.490