Abbott company uses the allowance method of accounting for uncollectible accounts. abbott estimates that 1% of credit sales will be uncollectible. on january 1, the allowance for doubtful accounts had a credit balance of $3,600. during the year, abbott wrote off accounts receivable totaling $2,300 and made credit sales of $102,000. after the adjusting entry, the december 31 balance in bad debt expense will be:
a. $1,200
b. $3,000
c. $3,600
d. $7,200