cements Question 2 5 pts burse es ons Attendance valuations Financial statement are prepared at the end of every month for the J Company. Based on the following information and account balances, what is the correct amount that should be recorded on June 30th to recognize bad debt expense if J Company uses the percentage of receivables method for recognizing bad debt expense? June 30th Balance Accounts Receivable Management's Estimate of Bad 27,500 Debt Expense based on Accounts 4.00% Receivable Allowance of Doubtful Accounts (Credit Balance BEFORE June adjustment) 125 Do NOT use dollar signs or commas in your