Assume the following unadjusted account balances at the end of the accounting period: Accounts Receivable, $15,000; Allowances for Uncollectible Accounts, $400 (debit balance); Net sales, $100,000. If the company's past experience indicates credit losses of 2% of net sales, the adjusting entry to estimate uncollectible accounts is: Answer A. Bad Debts Expense 2,000 Allowance for Uncollectible Accounts 2,000 B. Bad Debts Expense 2,400 Allowance for Uncollectible Accounts 2,400 C. Bad Debts Expense 1,600 Allowance for Uncollectible Accounts 1,600 D. Bad Debts Expense 2,000 Accounts Receivable 2,000 E. None of the above