U UUU. 3:58 PM 27 - Number One Products is preparing its year-end adjusting entry to record uncollectible accounts. The following amounts are reported in its year-end unadjusted trial balance: Accounts receivable $ 438,000 Debit Allowance for Doubtful Accounts 1,280 Net Sales 2,130,000 Credit Debit All sales are made on credit. Based on past experience, Number One Products estimates that 2.0% of accounts receivable will be uncollectible. What adjusting entry should the company make at the end of its accounting year to record uncollectible accounts? Multiple Choice Debit Bad Debts Expense $4,260; credit Allowance for Doubtful Accounts $4,260. Debit Bad Debts Expense $7,480; credit Allowance for Doubtful Accounts $7,480. Debit Bad Debts Expense $14,260; credit Allowance for Doubtful Accounts $14,260. Debit Bad Debts Expense $10,040; credit Allowance for Doubtful Accounts $10.040. 4:05 PM