Coronado Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $596000 and credit sales are $2620000. Management estimates that 3\% of accounts receivable will be uncollectible. What adjusting entry will Coronado Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5200 credit balance before adjustment? Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Accounts Receivable Bad Debt Expense Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts 17880 17880 12680 12680 17880 17880 12680 12680 At May 1,2020 , Coronado Company had beginning inventory consisting of 150 units with a unit cost of $4.40. During May, the company purchased inventory as follows: 800 units at $4.40 650 units at $6.00 The company sold 1180 units during the month for $13 per unit. Coronado uses the average cost method. The average cost per unit fo May is $5.400 $5.050. $4.400 $4.900. An aging of a company's accounts receivable indicates that $14100 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Bad Debt Expense for $14100. debit to Allowance for Doubtful Accounts for $12920. debit to Bad Debt Expense for $12920. credit to Allowance for Doubtful Accounts for $14100. An aging of a company's accounts receivable indicates that $4980 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $930 credit balance, the adjustment to record bad debts for the period will require a J credit to Allowance for Doubtful Accounts for $4980. debit to Bad Debt Expense for $4050. debit to Allowance for Doubtful Accounts for $4050. debit to Bad Debt Expense for $4980. An aging of a company's accounts receivable indicates that $3080 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $850 debit balance, the adjustment to record bad debts for the period will require a debit to Bad Debt Expense for $3930. debit to Bad Debt Expense for $2230. debit to Bad Debt Expense for $3080. ' credit to Allowance for Doubtful Accounts for $850