Marin Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $340000 and credit sales are $3410000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Marin Company make if the Allowance for Doubtful Accounts has a credit balance of $3400 before adjustment? Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Accounts Receivable Bad Debt Expense Accounts Receivable Bad Debt Expense 10200 10200 13600 13600 10200 10200 13600

Marin Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $340000 and credit sales are $3410000. Management estimates that 4% of accounts receivable will be uncollectible What adjusting entry will Marin Company make if the Allowance for Doubtful Accounts has a credit balance of $3400 before adjustment? Bad Debt Expense 10200 Allowance for Doubtful Accounts 10200 Bad Debt Expense 10200 Accounts Receivable 10200 Bad Debt Expense 13600 Accounts Receivable 13600 Bad Debt Expense 13600