Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will be uncollectible. On January 1, the Allowance for Doubtful Accounts had a credit balance of $3,800. During the year, Abbott wrote-off accounts receivable totaling $2,500 and made credit sales of $108,000. After the adjusting entry, the December 31 balance in Bad Debt Expense would be Select the correct answer. $5,620 O $3,800 O $4,320 O $8,120