32) ABC Company uses the allowance method and estimates bad debts using the percent-of-sales method. The company's management estimates that 3% of net credit sales will be uncollectible for the year 2025. Net credit sales for the year amounted to $270,000. What is the journal entry to record the estimated bad debts expense? A) Debit Allowance for Bad Debts for $270,000; Credit Bad Debts Expense for $270,000 B) Debit Allowance for Bad Debts for $8,100; Credit Bad Debts Expense for $8,100 OC) Debit Bad Debts Expense for $270,000; Credit Allowance for Bad Debts for $270,000 OD) Debit Bad Debts Expense for $8,100; Credit Allowance for Bad Debts for $8,100