The unadjusted trial balance at year end for a company that uses the percent of recevable method to determine its bad debts expense reports the following selected amounts Help Save & Accounts receivable Allowance for Doubtful Accounta Net Bales $ 435,000 Debit 1,250 Debit 2,100,000 Credit All sales are made on credit. Based on past experience, the company estimates 35% ofending account recevable to be uncollectiol. What adjusting entry should the company make at the end of the Current year to record its estimated bad debts expense? Multiple Choice Debt Bad Debts fan 59.975. credit Aware for Doubtful Account 0.97 Debit ad Debte Expense 515.22 credit Awance for our Accoum $1.225 Dobit God Dette broers 54.4%; credt wance for Doubert Accounts $4.75 Det bos buts Expenu$70 con Alice for Dout Account: $7250 Debit des E350 crowance for the Account On July 9, Mithin Company receives an $8.500, 90-day, 8% note from customer Payton Surrers as payment on account What entry should be made on July 9 to record tect of the mote Multiple Choice Dubit Accounts Receivable $3.500 crede er $8.500. Debt Notes Receivable 38.670. credte 58.670 Debe esecevable 58,500, credit Accounts Parcerie 54.900 Debit Not Receivable $8.500 credit Sale $3.500 Debt Notes Becer $8,725 crediteret Revenue $225.creat Accounts 8.500