At year end, Accounts Receivable had a balance of $880,000 and it is estimated that 2% of accounts receivable will be uncollectible. The Allowance for Bad Debts account has a credit balance of $7,000 and the company use the percent-of-receivables method to record bad debts expense. An adjusting entry needs to credit Allowance for Bad Debts for O A. $17,600 O B. $17,460 O C. $10,600 OD. $24.460