Snead Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period. On December 31,20XX, the balance of accounts receivable is $245,000, and the allowance for uncollectible accounts has a credit balance of $2,000 (before adjustment). An analysis of accounts receivable produced the following age groups: View the accounts receivable aging information. Based on past experience, Snead estimates the percentages of accounts that will prove to be uncollectible within the three groups are 4%,9%, and 24%, respectively. Based on these facts, the adjusting entry for bad debt expense should be made in the amount of A. $24,670. B. $14,670. C. $16,670. D. $18,670. Accounts receivable aging information