The Summer Company ages its accounts receivable and determined the allowance account should have a balance of $8,300.00 Prepare the necessary adjusting entry assuming: a. The allowance account has a credit balance of $275.00 before adjustments b. The allowance account has a debit balance of $275.00 before adjustments A/R BAD DEBITS: A Bad Debit Expense $7,925 Allowance For DA 57,925 Bad Debit Expense $8,025 Allowance For DA $8,025