Tanning Company analyzes its recevables to estimate bad debt expense. The accounts receivable balance is $370,000 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 it the Allowance for Doubtful Accounts has a credit balance of $2,600 before adjustment? a. Bad Debt Expense 22,300 Allowance for Doubtful Accounts 22,300 Ob. Bad Debt Expense 22,800 Allowance for Doubtful Accounts 22,800 Oc. Bad Debt Expense 24.300 Allowance for Doubtful Accounts 24,300 Od. Bad Debt Expense 23,300 Allowance for Doubtful Accounts 23,300