Knowledge Check 01 Rode Company estimates bad debt expense at 1% of credit sales. The company reported accounts receivable of $100,000 and a pre- adjustment credit balance in its allowance for uncollectible accounts account of $2,000 at the end of the current year. During the current year, Rode's credit sales were $2,000,000. What is the amount of the company's bad debt expense for the current year? Answer is complete but not entirely correct. Bad debt expense $ 10,000