At the end of 2021, Murray State Lenders had a balance in its Allowance for Uncollectible Accounts of $4,500 (credit) before any adjustment. The balance in Accounts Receivable was $400,000. They expect 3% of the balance in accounts receivable to be uncollectible. The journal entry to record bad debt expense would be: Debit to Allowance for Uncollectible Accounts of $12,000; Credit to Bad Debt Expense of $12,000 Debit to Bad Debt Expense of $12,000; credit to Allowance for Uncollectible Accounts of $12,000. Debit to Allowance for Uncollectible Accounts of \$7,500; Credit to Bad Debt Expense of \$7,500 Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500