Property Taxes in the Amount of $3,000,000 Are Billed to City

Property taxes in the amount of $3,000,000 are billed to city property owners. It is estimated that two percent will prove to be uncollectible. In recording this event,

A) estimated Revenues would be credited for $2,940,000.
B) bad Debts would be debited for $60,000.
C) tax Liens Receivable would be debited for $60,000.
D) allowance for Uncollectible Current Property Taxes would be credited for $60,000.