Multiple Choice Debit Bad Debts Expense $13,290; credit Allowance for Doubtful Accounts $13,290. Debit Bad Debts Expense $14,620; credit Allowance for Doubtful Accounts $14,620. Debit Bad Debts Expense $66,730; credit Allowance for Doubtful Accounts $66,730. Debit Bad Debts Expense $65,400; credit Allowance for Doubtful Accounts $65,400. Debit Bad Debts Expense $64,070; credit Allowance for Doubtful Accounts $64,070. Giorgio Italian Market bought $8,000 worth of merchandise from Food Suppliers and signed a 90 -day, 10\% promissory note for the $8,000. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.) Debit Cash $8,200; credit Notes Receivable $8,200 Debit Notes Receivable $8,000; credit Cash $8,000 Debit Cash $8,000; debit Interest Receivable $200; credit Sales $8,200 Debit Notes Receivable $8,200; credit Sales $8,200 Debit Cash $8,200; credit Interest Revenue $200; credit Notes Receivable $8,000 The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. All sales are made on credit. Based on past experience, the company estimates 3.0% of sales to be uncollectible. What adjustin entry should the company make at the end of the current year to record its estimated bad debts expense