A company uses the percent of sales method to determine its bad debts expense. At the end of the current year the companies unadjusted trial balance reported the following selected amounts

A compary uses the percent of sales method to determine its bad debts expense. At the end of the cutrent year. the compary's anadjusted trial batance reported the following selected antounts All sales are made on credit. Based on past experience, the company estimates that 0.45 of net sales are uncollectible What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Maltiple Ohoice 1) 1440 15340 $2640 Multiole Choice $2,840 $3,200 $2.640 $860 $2000