Marigold Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $120000 and credit sales are $1210000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Marigold Corp. make if the Allowance for Doubtful Accounts has a credit balance of $1200 before adjustment? 3600 O Bad Debt Expense Accounts Receivable 3600 4800 O Bad Debt Expense Allowance for Doubtful Accounts 4800 O 4800 Bad Debt Expense Accounts Receivable 4800 3600 O Bad Debt Expense Allowance for Doubtful Accounts 3600 Click if you would like to Show Work for this questioni Open Show Work