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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $362,000 and credit sales are $1,000,000. An aging of accounts

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $362,000 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

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