Tamarisk, Inc. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $240000 and credit sales are $2410000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Tamarisk, Inc. make if the Allowance for Doubtful Accounts has a credit balance of $2400 before adjustment? Bad Debt Expense 7200 Accounts Receivable 7200 O Bad Debt Expense 9600 9600 Allowance for Doubtful Accounts O Bad Debt Expense 9600 Accounts Receivable 9600 O Bad Debt Expense 7200 7200 Allowance for Doubtful Accounts