Tanning Company analyzes its receivables to estimate uncollectible accounts. The accounts receivable balance is $262,000 and credit sales are $1,000,000. An aging of accounts receivable estimates that $18,340 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? a. Account Debit Credit Bad Debt Expense 18,340 Allowance for Doubtful Accounts 18,340 b. Account Debit Credit Bad Debt Expense 20,340 Allowance for Doubtful Accounts 20,340 c. Account Debit Credit Bad Debt Expense 61,020 Allowance for Doubtful Accounts 61,020 d. Account Debit Credit Bad Debt Expense 16,340 Allowance for Doubtful Accounts 16,340