Question 38 2.22 pts Oak Company uses the percentage-of-receivables method for recording bad debts expense. The accounts receivable balance is $90,000 at year-end. The total credit sales were $2,600,000 for the year. Management estimates that 4% of receivables will be uncollectible. What adjusting entry should be made if the Allowance for Doubtful Accounts has a debit balance of $300 before the year-end adjusting entry for Bad Debt Expense? Bad Debts Expense 3,300 Allowance for Doubtful Accounts 3,300 Allowance for Doubtful Accounts 3,600 Bad Debt Expense 3,600 Allowance for Doubtful Accounts 3.0 Bad Debts Expense 3,900 Bad Debts Expense 3,900 Allowance for Doubtful Accounts 3,900 Bad Debts Expense 3,600 Allowance for Doubtful Accounts 3,600