Metlock Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $ 130000 and credit sales are $1310000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Metlock Company make if the Allowance for Doubtful Accounts has a credit balance of $ 1300 before adjustment? O Bad Debt Expense 6500 Accounts Receivable 6500 O Bad Debt Expense 5200 Allowance for Doubtful Accounts 5200 E O Bad Debt Expense 6500 Allowance for Doubtful Accounts 6500