A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts Accounts receivable Allowance for uncollectible accounts Net Sales $354,000 debit 610 debit 799,000 credit All sales are made on credit. Based on post experience, the company estimates 0.3% of net credit sales 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 Bad Debts Expense $3.007.credt Allowan for Doubtful Accounts $3,007 Debit Bad Debts Expense $1672: credit Allowance for Doubt Accounts $1672 Debt Bad Debts Expense $1,062. credit Allowance for Doubtful Accounts $1062 Debit Bad Debts Expense $2,397; credit Allowance for Doubtful Accounts $2,397. Debit Bad Debts Expense $1,787; credit Allowance for Doubtful Accounts $1,787