Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $360,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? Oa. Rad Debt Expense $17,000 Allowance for Doubtful Accounts $17,000 Ob. Rad Debt Expense $15,500 Allowance for Doubtful Accounts $15,500 Oc. Bad Debt Epense $16,000 Allowance for Doubtful Accounts $16,000 Od. Bad Debt Expense $15,000 Allowance for Doubtful Accounts $15,000