Sot The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine as bad debts expense, reports the following selected amounts: Accounts receivable Allowance for Doubtful Accounts Net Sales $ 428,000 Debit 1,420 Debit 2,270,000 Credit All sales are made on credit Based on past experience, the company estimates 30% of ending account receivable to be uncollectible. What acusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Debit Bed Debts Expense $14.260 Credit Allowance for Doubtful Accounts $14.260 Debt Bed Debts Expense $11.420.cre Alowance for Double Accounts $11420 Debit Bed Debts Expense $12.840. Credit Abowance for Dout Accounts 12.240 Multiple Choice O Debit Bad Debts Expense $14,260; credit Allowance for Doubtful Accounts $14,260. Debit Bad Debts Expense $11,420; credit Allowance for Doubtful Accounts $11,420. Debit Bad Debts Expense $12,840; credit Allowance for Doubtful Accounts $12,840. O Debit Bad Debts Expense $6,810; credit Allowance for Doubtful Accounts $6,810. O Debit Bad Debts Expense $16,810: credit Allowance for Doubtful Accounts $16,810