current x My Courses - alamo.edu onnect.mheducation.com/flow/connect.html x McGraw-Hill Connect X Chapter 7 - Quiz Quiz Saved Help Save & Exit Sube You received no credit for this question in the previous attempt. View previous attemp On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $98,500: Allowance for Doubtful Accounts. credit balance of $1,091. What amount should be debited to Bad Debts Expense, assuming 4% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible? Multiple Choice $5,031 $2,849 ust