ourses 20203 (2) - - (2) Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Valli Company make to record the bad debts expense? 32,000 32,000 Select one: a. The answer does not exist b. Bad Debt Expense Accounts Receivable c. Bad Debt Expense Accounts Receivable d. Bad Debt Expense Allowance for Doubtful Accounts e. Bad Debt Expense Allowance for Doubtful Accounts 25,000 25,000 32.000 32,000 25,000 25,000