2. MC.08.72.ALGO (Algorithmic) Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $352,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 6% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $1,000 before adjustment? 19,120 19,120 21,120 21,120 a. Bad Debt Expense Allowance for Doubtful Accounts b. Bad Debt Expense Allowance for Doubtful Accounts c. Bad Debt Expense Allowance for Doubtful Accounts d. Bad Debt Expense Allowance for Doubtful Accounts 20,120 20,120 19,620 19,620