A company has $106,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggest that 6% of the outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an $960 debit. The journal entry to record the adjustment to the allowance accounts includes a debit to Bad Debt Expense for: $6,302 $6,418 $6,360 $5,400 $7,320 A company has $106,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggest that 6% of the outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an $960 debit. The journal entry to record the adjustment to the allowance accounts includes a debit to Bad Debt Expense for: $6,302 $6,418 $6,360 $5,400 $7,320