Sunland Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $611000 and credit sales are $2790000. Management estimates that 5% is the sales percentage to use. What adjusting entry will Sunland Company make to record the bad debts expense? 30550 Bad Debt Expense Allowance for Doubtful Accounts 30550 30550 Bad Debt Expense Accounts Receivable 30550 139500 Bad Debt Expense Accounts Receivable 139500 139500 Bad Debt Expense Allowance for Doubtful Accounts 139500 Save for Later Attempts: 0 of 1 used Submit