2 pts At year end, Accounts Receivable had a balance of $840,000 and it is estimated that 1% of accounts recent will be uncollectible. The Allowance for Bad Debts account has a credit balance of $7000 and the company uses the percent of receivables method to record bad debts expense. The adjusted balance in the Allowance for Bad Debts start should be a credit of O $8,330 O $8,400 $1,400 $15,330 Next Previous Cr