wiew - Chapters 8,9 & 11 Help Save & Check 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: Accounts receivable Allowance for uncollectible accounts Net sales $361,00debit Se debit 306,000 credit All sales are made on credit. Based on past experience, the company estimates 0.4% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? M e Choice ) Debit Bad Debts Expense 53.2 credit Allowance for Doubtful Accounts $3.22 o o Da Bad Dots Expense sa