Blue Company had credit sales of $50,000 in the most recent accounting period. Blue uses the aging of Accounts Receivable approach to estimating Bad Debt. Management estimates that 10% of the $30,000 of Accounts Receivable will be uncollectible and the Allowance for Doubtful Accounts has a $300 unadjusted credit balance. Based on this information, the adjusting entry to record estimated bad debts includes a: Multiple Choice debit to Bad Debt Expense of $3,300. debit to Bad Debt Expense of $2,700. credit to Allowance for Doubtful Accounts of $5,000. credit to Allowance for Doubtful Accounts of $4,700