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Abbott Company uses the allowance method of accounting for uncollectibie accounts. Abbott estimates that 3% of credit sales will be uncoliectble. On January 1 , the Allowance for Doubthal Accounts had a credit bolanee of $3,600, During the year, Abbott wrote off accounts recelvabte totating $2,000 and made credit sales of $105,000, Alter the adjusting entry, the December 31 balance in Bad Debt Expense will be 2. 53,000 b. 96,790 c. 54790 d. 53,150