Wall Drug has sales of $420,000 and total accounts receivable of $110,000. The allowance for uncollectible accounts is 6% using the percentage of receivables method for recording bad debt expense. If the balance of the Allowance for Doubtful Accounts is a debit balance of $4,000 before adjustment, what is the amount of the bad debt expense that will be recorded after the adjustment has been made? (hint: use T-account to solve). $2,600. O $10,600. O $25,200. O $6,600

Wall Drug has sales of $420,000 and total accounts receivable of $110,000. The allowance for uncollectible accounts is 6% using the percentage of receivables method for recording bad debt expense. If the balance of the Allowance for Doubtful Accounts is a debit balance of $4,000 before adjustment, what is the amount of the bad debt expense that will be recorded after the adjustment has been made? (hint: use T-account to solve). $2,600. $10,600. $25,200. $6,600