The unadjusted trial balance at year end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable Allowance for Doubtful Accounts Net Sales 435,000Debit 1,250Debit 2,100,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.5% ofending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? A Debit Bad Debts Expense 513,975. credit Allowance for Doubtful Accounts $13.975 B. Debit ad Debts Expense 515,225 Credit Allowance for Doubtful Accounts 515,225 C. Debit Bad Debts Expense $16,475 credit Allowance for Doubtful Accounts 516,475 D. Debit ad Debts Expense 57.350;credit Allowance for Doubtful Accounts $7,350 L. Debit Bad Debts Expense 517,350 credit Allowance for Doubtful Accounts 517.950