The percentage of sales basis is adopted by Al-Shrooq Company It has been determined that 2% of the credit net sales will become uncollectible. The company had total credit sales of JD 600,000, and granted credit sales discounts of JD 12,000. The adjusting entry would include: a debit of JD 11,760 to Allowance for Doubtful Accounts a credit of JD 12,000 Allowance for Doubtful Accounts a debit of JD 11.760 to Bad Debts Expense a debit of JD 12,000 to Bad Debts Expense