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 $ 453,000 Debit 1,430 Credit 2,280,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% 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 0 Debit Bad Debts Expense $7,630, credit Allowance for Doubtful Accounts $7,630. 0 Debit Bad Debts Expense $9,060, credit Allowance for Doubtful Accounts $9,060. 0 o Debit Bad Debts Expense $10,490; credit Allowance for Doubtful Accounts $10,490. Debi 0 Debit Bad Debts Expense $4,560; credit Allowance for Doubtful Accounts $4,560. 0 Debit Bad Debts Expense $14,560; credit Allowance for Doubtful Accounts $14,560