Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $366,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 6% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $1,600 before adjustment? Select the correct answer. $19,860 $19,860 $19,360 $19,360 Bad Debt Expense Accounts Receivable Bad Debt Expense Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts $20,360 $20,360 $21,360 $21,360