The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $250,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? O $8,000 O $12,000 $10,000 O$5,000 At the beginning of 2018, Uptown Travel, Inc. has the following account balances: Accounts receivable $45,000 (Debit) Allowance for Bad Debts $5,000 (Credit) During the year, credit sales were $810,000. Cash collected on credit sales was $760,000, and $18,000 was written off. Uptown uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $30,000. The amour of Bad Debts Expense for 2018 is $12,000 $30,000 $13,000 O $43,000