2 pts D Question 15 At year end. Accounts Receivable had a balance of $860,000 and it is estimated that 3% of accounts receivable 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. An adjusting entry needs to credit Allowance for Bad Debts for $18.000 $32.590 $25,800 $25.590