Lytum \& Hyde Explosives uses the percentage of net sales method for recording bad debts expense. For the year, its sales are $2,200,000. It estimates 1% of net sales will be uncollectible. Prior to any adjustments, Allowance for Doubtful has a credit balance of $6,000. Based on the correct adjusting entry Lytum \& Hyde Explosives will now be required to make to record its estimated uncollectible bad debts, determine whether each partial entry is correct or incorrect. Credit Accounts Receivable for $22,000 Debit Bad Debts Expense for $22,000 Credit Allowance for Doubtful Accounts for $28,000 Debit Bad Debts Expense for $28,000 Credit Allowance for Doubtful Accounts for $22,000