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 $352,000 debit 630 debit 797,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.5% of net credit sales e uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is epared? A service company earns net income by buying and selling merchandise