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 selecied 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 04% of net credit sales to be uncolectible, what ad sting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Debit Bad Debts Expense $3,840, credit Allowance for Doubtful Accounts $3,840 Debit Bad Debts Expense $2.060, credit Allowance for Doubtful Accounts $2,060 Debit Bad Debts Expense $3.240; credit Allowance for Doubtful Accounts $3,240 Debit Bad Debts Expense $1,460, credit Allowance for Doubtul Accounts $1,460 Debit Bad Debts Expense $2,640, credit Allowance for Doubtful Accounts $2.640