Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $334,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 4% 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 $1,000 before adjustment? Select the correct answer. $13,360 $13,360 $11,360 $11.360 O Bad Debt Expense Allowance for Doubtful Accounts O Bad Debt Expense Accounts Receivable Bad Debt Expense Accounts Receivable O Bad Debt Expense Allowance for Doubtful Accounts $11,860 $11.860 $12.360 $12,360