Vaughn Manufacturing uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $230000 and credit sales are $2310000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Vaughn Manufacturing make if the Allowance for Doubtful Accounts has a credit balance of $4600 before adjustment? Bad Debt Expense Accounts Receivable 11500 11500 Bad Debt Expense 6900 Accounts Receivable 6900 Bad Debt Expense 6900 Allowance for Doubtful 6900 Accounts Bad Debt Expense Allowance for Doubtful Accounts 11500 11500