heco. 161403-800 A company uses the percent of sales method to determine its bad debts expense. At the end of the tunery reported the following selected amounts: Wagen. Diese Accounts receivable $ 395.000 debit Allowance for uncollectible accounts 700 credit Net Sales 1,000,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.5% of retail to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $2,213 $3.950 $5,350 $5,000 21 of 42 (Prey Multiple Choice $2,213 $3,950 $5,350 $5,000 $1,513