Question 26 Vaughn Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $599000 and credit sales are $2640000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Vaughn Company make to record bad debt expense of the Allowance for Doubtful Accounts has a $5200 credit balance before adjustment? 12770 12770 12770 12770 Bad Debt Expense Allowance for Doubtful Accounts O Bad Debt Expense Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Accounts Receivable 17970 17970 17970 17970 Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER as 4 24 19.4