Under the allowance method, a company uses the percent of sales method to estimate bad debts. The Allowance for Doubtful Accounts has a debit balance of $700 at the end of the year (before adjustment), and bad debts expense is estimated at 1% of net sales. If net sales are $200,000, the amount of the adjusting entry to record the estimated uncollectibles is O a $1,300 Ob 5700 O $1,930 Od $2,000