Question 11 1.5 pts A company uses the percent of receivables method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $435,000 debit Allowance for Doubtful accounts $1,250 debit Net Sales $2,100,000 credit All sales are made on credit. Based on past experience, the company estimates 3.5% of accounts receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Debit Bad Debts Expense $16,475: credit Allowance for Doubtful Accounts $16,475. Debit Bad Debts Expense $13,975;credit Allowance for Doubtful Accounts $13.975. Debit Bad Debts Expense $15,225;credit Allowance for Doubtful Accounts $15.225. Debit Bad Debts Expense $7,350;credit Allowance for Doubtful Accounts $7,350. Debit Bad Debts Expense $17,350;credit Allowance for Doubtful Accounts $17,350. Previous