XYZ Corporation at the end of August 2021 had Accounts Receivable of $180,000. They also have a $1,500 Credit Balance in their Allowance for Doubtful Accounts. In preparing for the necessary adjustment, XYZ determines that $10,200 will be uncollectable. The adjusting entry should record Bad Debt Expense of:

$11,700

Amount cannot be determined with the data given.

$8,700

$10,200