The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense Accounts receivable $ 433,000 Debit Net Sales 2,220,000 Credit All sales are made on credit. Based on past experience, the company estimates 10% of sales to be uncollectible. What adjusting 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 $20,830, credit Allowance for Doubtful Accounts $20.830 Debit Bad Debts Expense 54,330 credit Allowance for Doubtful Accounts $4.330 Det fad Debts Expense 55,700, credit Allowance for Double Accounts 55.700 Debit Bad Debts Expense $23.570: credit Allowance for Doubtful Accounts $23,570 Debit ad Debts Expense $22,200, credit Allowance for Doubtful Accounts 522,200