Star Company uses the percentage of sales method of recording bad debts expense. For year 2020, Cash Sales are $300,000 and credit Sales are 1.200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Star Company make to record the bad debts expense? O a. Debit Bad Debt Expense $15,000. Credit Allowance for doubtful Accounts $15,000. O b. Debit Bad Debt Expense $12.000, Credit Allowance for doubtful Accounts $12.000. O c. Debit Bad Debt Expense $15,000. Credit Accounts Receivable $15.000. O d. Debit Bad Debt Expense $12.000, Credit Accounts Receivable $12.000