At the end of 2021, Murray State Lenders had a balance in its Allowance for Uncollectible Accounts of $4,500 (debit) before any adjustment. The company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method. Murray State's adjustment on December 31, 2021, to record its estimated uncollectible accounts included a: Multiple Choice Debit to Bad Debt Expense of $12,000; credit to Allowance for Uncollectible Accounts of $12,000. Debit to Allowance for Uncollectible Accounts of $16,500; credit to Bad Debt Expense of $16,500. Debit to Allowance for Uncollectible Accounts of $12,000; credit to Bad Debt Expense of $12,000. Debit to Bad Debt Expense of $16,500; credit to Allowance for Uncollectible Accounts of $16,500.