QUESTION 12 Sky Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is 600.000 and credit sales 12.700,000. Manupement states that 4% of accounts receivable will be uncollectible. What adjusting entry wil Sky Company make to record bad debt expense if the Allowance for Doubtful Accounts a 5.000 credit lance before adjustment? Bad Debt Expense Allowance for Doubtful Accounts 19.000 19,000 D Bad Debt Expense Accounts Receivable 24,000 24,000 Bad Debt Expense Accounts Receivable 19.000 19.000 Bad Debit Expense Allowance for Doubtful Accounts 24.000 24,000