Pusan Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 2% is the sales percentage to use. What adjusting entry will Pusan Company make to record the bad debts expense? Bad Debt Expense Accounts Receivable 32,000 O a. 32,000 50,000 Bad Debt Expense Allowance for Doubtful Accounts Ob 50,000 32.000 Bad Debt Expense Allowance for Doubtful Accounts C. 32,000 50,000 Bad Debt Expense..... Accounts Receivable Od 50,000