saved Help Save & Exit Submit A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: ter 7 Accounts receivable Allowance for uncollectible accounts Net Sales $ 345,000 debit 700 debit 790,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $5,440 $4,040