Calculator Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will be uncollectible. On Jani 1, the Allowance for Doubtful Accounts had a credit balance of $2,400. During the year, Abbott wrote off accounts receivable totaling $1,800 and made cres sales of $100,000. After the adjusting entry, the December 31 balance in Bad Debt Expense will be O $3,600 O'$7,200 O$3,000 O$1,200 wow.com/m/takeAssignment/take Assignment Main.doFinvoker&takeAssignmentSession Locator &inprogress=false Calculator Sands Company purchased mining rights for $500,000. They expect to harvest 1 million tons of ore over the next five years. During the current year, Sands mined 350,000 tons of ore. The entry to record the depletion would include Oa debit to Depletion Expense for $175,000 Oa debit to Accumulated Depletion for $175,000 Oa credit to Accumulated Depletion for $350,000 Oa credit to Depletion Expense for $350,000