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 443,000 Debit 1,330 Debit 2,180,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.5% 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 Bad Debts Expense $7630 credit Allowance for Doubtful Accounts $7.630. Jasper makes a $29,000, 90-day, 90% cash loan to Claybon Co. The amount of interest that Jasper will collect on the loan is. (Use 360 days a year.) Multiple Choice 06 52.610 521750 $65250