P2 B Company decided to change its allowance for bad debts from 2% to 4% of its outstanding receivable balance. B Company's receivable balance at December 31 2020 was 1,000,000. Allowance for bad debt has credit balance of 5,000 before adjustment. Entry to record the provision for bad debt expense is a debit to bad debt expense amounting to? Your answer Refer to P2. What is the balance of allowance for doubtful accounts by December 31, 2020? I Your