A company uses the percent of sales method to determine its bad debts expense. At the end or the current year, the company's unadjusted trial balance reported the following selected amounts Accounts receivable Allowance for uncollectible accounts Net Sales 5358,000 debit 530 debit 803,000 credit Al sales are made on credit. Based on past experience, the company estimates that 03% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $1,604 $2,409 $1,879 $544 $2.939