Sunland Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $310000 and credit sales are $1240000. Management estimates that 6 % of accounts receivable will be uncollectible. What adjusting entry will Sunland Company make if the Allowance for Doubtful Accounts has a credit balance of $3100 before adjustment? Bad Debt Expense 12400 Accounts Recelvable 12400 Bad Debt Expense 15500 Allowance for Doubtful Accounts 15500 Bad Debt Expense 21700 Allowance for Doubtful Accounts 21700 Bad Debt Expense 6200 Allowance for Doubtful Accounts 6200