Taylor Swift Corp. has a $100,000 credit balance in the Allowance for Doubtful Accounts. If Swift uses the % of sales method, it assumes that bad debts will be 2% of sales. If sales are $20,000,000, the adjusting entry for Bad Debt Expense would include a: Debit to Bad Debt Expense of $400,000 Debit to Bad Debt Expense of $300,000 Debit to Bad Debt Expense of $500,000 Credit to Bad Debt Expense of $300,000