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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

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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 $ 427,000 Debit 1,430 Debit 2,288,000 Credit Al sales are made on credit. Based on past experience, the company estimates 25 of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of current year to record its estimated bad debts expense? Multiple Choice O Debit Bed Debts Expense $5.700.creatAlowance for Dout Account: $5.700 Don't Bed Dests Expense 59.246, credit Alowance for our Account 59.245 O Debit Bed Debts Experto $15.700.credo Alisance for Double Account: $15.700. O Coot bes Dans Dicere 10,878 creditelowance to surt decoun: 310 86 Obatbor berib 12:06 . Doo 250

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