21. Accounts receivable has a balance of $750,000 and the Allowance for doubtful accounts has a debit balance of $600 at the end of the current year prior to adjustment. An analysis of Accounts Receivables using percentage of receivables indicates that $37,650 will be uncollectible. The adjusting entry using the percentage of receivables method would require a credit to: A. Bad Debt Expense for $37,050 B. Allowance for doubtful accounts for $38,250 C. Allowance for doubtful accounts for $37,650 D. Bad Debt Expense for $37,650 E. None of the above