Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $254,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 7% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,400 before adjustment? Oa. Bad Debt Expense 15,380 Allowance for Doubtful Accounts 15,380 Ob. Bad Debt Expense 14,880 Allowance for Doubtful Accounts 14,880 Oc. Bad Debt Expense 14,380 Allowance for Doubtful Accounts 14,380 Od. Bad Debt Expense 16,380 Allowance for Doubtful Accounts 16,380