Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $288,000 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 the Allowance for Doubtful Accounts has a credit balance of $2,800 before adjustment? Select the correct answer. Bad Debt Expense $16,860 Accounts Receivable $16,860 Bad Debt Expense $18,360 Allowance for Doubtful Accounts $18,360 Bad Debt Expense $16.360 Accounts Receivable $16,360 Bad Debt Expense $17,360 Allowance for Doubtful Accounts $17,360