Jack Company has a $313 petty cash fund. At the end of the first month, the accumulated receipts represent $17 for delivery expenses, $168 for merchandise inventory, and $17 for miscellaneous expenses. The fund has a balance of $49 The journal entry to record the reimbursement of the account includes credit to cash of: Question 4 4 pts Using the percent of receivables method to determine the company's bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: All sales are made on credit. Based on past experience, the company estimates that 5% of accounts receivable balance are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared