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The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates

The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2025. Net credit sales for the year amounted to $290,000. What is the amount of Bad Debts Expense reported on the income statement for 20257 OA. $7,600 B. $15,600 OC. $11,000 OD. $5,800

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