all sales are made on credit.Based on past experience, the company estimates 3.0% of ending accounting receivable to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debt expense?

Saved The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, Accounts receivable Allowance for Doubtful Accounts Net Sales 428,000 Debit 1,420 Debit 2,270,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.0% of ending account receivable to be uncollectible. What a estimated bad debts expense? Multiple Choice Dobit Bad Debts Expense $12.840. credit Allowance for Doubtful Accounts 512.840 Debit Bed Debts Experise $11.420. credit Allowance for Doubt Accounts $11.420. Debit Bed Debts Expence $14260: creAwance for Acc 5:4 280 Debt sed Dots penso 56.510. Crocs DC 58.80 Duod Det Exporta $6.310. Crtances. The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected Accounts receivable Allowance for Doubtful Accounts Net Sales $ 428,00 Debit 1,420 Debit 2,270,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.0% of ending account receivable to be uncollectible. What adjusting entry should the estimated bad debts expense? Multiple Choice obit Bad Debts Expense $12,840, credit Allowance for Doubtful Accounts $12,840 Debit Bad Debts Expense $11.420 credit Allowance for Doubtful Accounts $11.420. Dobit Bad Debts Expense $14.260, credit Allowance for Doubtful Accounts $14.260 Debit Bad Debts Expense $6.810 Credit Allowance for Doubtful Accounts $6,810 Debit Bed Debts Expense $16.810; credit Allowance for Doubtful Accounts $16.810