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 $ 432,000 Debit Allowance for Doubtful Accounts 1380 Debit 2.230.000 Credit Net Sales All sales are made on credit. Based on past experience, the company estimates 3.0% of ending accounting 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 O Debit Bad Debts Expense $16.690, credit Allowance for Doubtful Accounts $16,690. 0 Debit Bad Debts Expense $6.690, credit Allowance for Doubtful Accounts $6.690. 0 Debit Bad Debts Expense $11.580: credit Allowance for Doubtful Accounts $11,580 O Debit Bad Debts Expense $14.340: credit Allowance for Doubtful Accounts $14.340. O Debit Bad Debts Expense $12.960. credit Allowance for Doubtful Accounts $12.960