GG Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Company make to record the bad debts expense? Select one: O a. Bad Debt Expense Allowance for Doubtful Accounts LEDERE 32,000 32,000 b. Bad Debt Expense Accounts Receivable 32,000 32,000 o. Bad Debt Expense Accounts Receivable 25,000 25,000 d. The answer does not exist e. Bad Debt Expense .. Allowance for Doubtful Accounts ... 25,000 25,000 Useful life is expressed in terms of use expected from the asset under the Select one: a. The answer does not exist b. straight-line method. c. units-of-activity method. d. declining-balance method. O e, none of these answer choices are correct