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 $ 436,00 Debit 1,260 Credit 2,110, eee Credit All sales are made on credit. Based on past experience, the company estimates 40% of ending 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? Multiple Choice Debit Bed Debts Expense $17.440. Credit Allowance for Doubtful Accounts $17.440 Debt Bad Debts Expense $18.700. credit Allowance for Doubtful Accounts 518 700 Preu