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The unadjusted trial balance of Madison Company shows the following information: Credit sales, credit balance, $453,000 Accounts receivable, debit balance, $140,000 Allowance for doubtful accounts,

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The unadjusted trial balance of Madison Company shows the following information: Credit sales, credit balance, $453,000 Accounts receivable, debit balance, $140,000 Allowance for doubtful accounts, credit balance, $1,500 Madison uses the Aging of Accounts Receivable method and estimates 3% of accounts receivable to be uncollectible. How much should Madison record for bad debt expense? Multiple Choice O $2,700. O O $2,655. $4,200. O $5,700 O

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