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 30 th to recognize bad debt expense if J Company uses the percentage of receivables method for recognizing bad debt expense? June 30th Balance - Accounts Receivable 27,500 June Credit Sales 13,000 Management's Estimate of Bad Debt Expense based on Accounts Receivable 4.00% Allowance of Doubtful Accounts (Balance BEFORE the June 30th adjustment) 125 Do NOT use dollar signs or commas in your