Accounts receivable Allowance for uncollectible accounts Net Sales $362,000 debit 570 debit 807,000 credit All sales are made on credit. Based on past experience, the company estimates 0.3% 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 o o C ) Debit Bad Debts Expense $1,656; credit Allowance for Doubtful Accounts $1,656. Debit Bad Debts Expense $2,42t credit Allowance for Doubtful Accounts $2,421 o Debit Bad Debts Expense $1,086: credit Allowance for Doubtful Accounts $1,086. o Debit Bad Debts Expense $2,991, credit Allowance for Doubtful Accounts $2.991