The following selected amounts are reported on the year end unadjusted trial balance report for a method to determine its bad debts expense Accounts receivable Allowance for Doubtful Accounts Net Sales 435,80e Debit 1,250 Debit 2,180,e00Credit All sales are made on credit. Based on past experience, the company estimates 1% of credit sales to be uncolectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Debit Bad Debts Expense $7,350, credit Allowance for Doubtfui Accounts $7,350 Debit Bad Debts Expense $22.250 credit Allowance for Doubtlul Accounts $22,250