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A company uses the percent of sales method to determine its bad debts expense. At...

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Accounting

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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 Allowance for uncollectible accounts Net Sales $356,000 debit 510 debit 801,000 credit All sales are made on credit Based at the end of the current year to record its estimated bad debts expense? to be uncollectible. What adjusting entry should the company make on past experience, the company estimates 05% of net credit sales al balance of a company usingthe percent of recevables method to estimate b On Decmber3t of te curent yeu the unadustedt ccounts Recevable debit balance of $98900 Allowance for Doubtlul Accounts, credit $ 4% of ousadrgaccorts recewable at te end of te current year are estimated to be uncollectible? bn 9.90,Alowance for Doubtlul Accounts, credt balance of $1131 What amount should be debited to Bad Debts Expense, assuming

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