Moon Company uses the percentage of sales method for recording bad debt expense. For the year, cash sales are $1,000,000 and credit sales are $2,500,000. Management estimates that 1 1/2 % (1.5%) is the sales percentage to use. What adjusting entry will Moon Company make to record the bad debt expense? a. Bad Debt Expense Allowance for Doubtful Accounts c. Bad Debt Expense Accounts Receivable d. Bad Debt Expense Accounts Receivable 15,000 15,000 45,000 45,000 52,500 52,500