A company uses the percent of sales method to determine its bad debts expense. reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts $351,000 debit Net Sales 796,000 credit All sales are made on credit. Based on past experience, the company estimates that debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $2,044 $2,544 $3,824 Prev 2 of 28