Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $278,000 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 fanning Company make of Atowance for Doubtful Accounts has a credit balance of $1,200 before adjustment? 8a. Bad Debt Expense 16,400 Allowance for Doubtful Accounts 16,480 Ob. Bad Debt Expense 15,460) Allowance for Doubtful Accounts 15,400 Oc. Bad Debt Expense 14,480 Allowance for Doubtful Accounts 14,480 Od. Bad Debt Expense 14,980 Allowance for Doubtful Accounts 14,980 Previous Next>