BOLE Ron Question 1/2 At the end of 20x1 (before adjusting entries), Elmo Co has an Accounts Receivable balance of $55,000 and a credit in its Allowance for Doubtful Accounts of $100. During the year, Elmo sold $310,000 on account. Elmo uses the Percentage of Credit Sales method and estimates that 2% of its credit sales will be uncollectible. What is Elmo's Bad Debt Expense for 20x1? o A. $0 o B. $1,100 C. $5,100 O O D. $6,200