Question: D Question 7 4 pts Using the percent Of sales method to determine the company's bad debts expense. At the end of the current year,

Question 7 4 pts Using the percent Of sales method to determine the company's bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $ 370,000 643 901,000 debit credit credit All sales are made on credit. Based on past experience, the company estimates 'that 0.7% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? (round your interSt to the nearest two decimal $45.729 would be 45.73)

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