Multiple Choice Question 113 Nash's Trading Post, LLC uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $200000 and credit sales are $800000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Nash's Trading Post, LLC make if the Allowance for Doubtful Accounts has a credit balance of $2000 before adjustment? Bad Debt Expense Allowance for Doubtful Accounts 12000. 12000 Bad Debt Expense 6000 Accounts Receivable 6000 Bad Debt Expense 4000 Allowance for Doubtful Accounts 4000 Bad Debt Expense 8000 Allowance for Doubtful Accounts 8000