Given the unadjusted Allowance for Uncollectible Accounts has a $50 debit balance, the receivables written off were Bad debt expense will be in the current period than had the unadjusted balance been a credit balance. than the amount estimated in the prior period. Multiple Choice o greater; greater less; greater o greater; less less; less OakleyCorp reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance for Doubtful Accounts had a credit balance of $14,400. During 2019, $24,000 of uncollectible accounts receivable were written off. OakleyCorp has experienced bad debt losses of 3% of credit sales in prior periods. Using the percentage of credit sales method, what is the adjusted balance in the Allowance for Doubtful Accounts at December 31, 2019? Multiple Choice $17,640 $8,400 $27,600 $8,040