A company uses the percent of sales 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 $365,000 debit 600 debit 810,000 credit All sales are made on credit. Based on past experience, the company estimates 0.4% of net credit sales 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 Debit Bed Debts Expense $2,640 Credit Allowance for Doubtful Accounts $2.64 Debt Bad Debts Expense $2.060 Credit Allowance for Doubtful Accounts $2,060 Debit Bed Debts Expense 3.840 credit Allowance for Doubtful Account $1,840 Debt Bed Debts Expense 53.240: credit lowance for Doubtful Accounts 53.240 Debt Bad Detits Expense $1460, Credit Allowance for Doubt Accounts $1460