Novak Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $330000 and credit sales are $3310000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Novak Corp. make if the Allowance for Doubtful Accounts has a credit balance of $3300 before adjustment?

Bad Debt Expense		9900
	Accounts Receivable		9900

Bad Debt Expense		9900
	Allowance for Doubtful Accounts		9900

Bad Debt Expense		13200
	Accounts Receivable		13200

Bad Debt Expense		13200
	Allowance for Doubtful Accounts		13200