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Gomez Company uses the allowance method to account for uncollectibles. At the end of the year, Gomez Company has accounts receivable of $97,700, allowance for

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Gomez Company uses the allowance method to account for uncollectibles. At the end of the year, Gomez Company has accounts receivable of $97,700, allowance for doubtful accounts of $1,011 (credit). Uncollectibles are estimated to be 4% of accounts receivable. What amount should be debited to Bad Debts Expense? Multiple Choice $3,908. $2,005. $1,011. $4,919

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