Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $392,000 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 Allowance for Doubtful Accounts has a credit balance of $2,400 before adjustment? a. Bad Debt Expense $13,280 Allowance for Doubtful Accounts $13,280 b. Bad Debt Expense $12,280 Allowance for Doubtful Accounts $12,280 c.Bad Debt Expense $14,280 Allowance for Doubtful Accounts $14,280 d. Bad Debt Expense $12,780 Allowance for Doubtful Accounts $12,780