0o points Save Answer Precious Jewel uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 2 % uncollectible rate. Accounts more than 60 days are considered old and have a 20 % uncollectible rate. If Precious Jewel has $50,000 of young accounts and $10,000 of old accounts, before the adjustment, Precious Jewel's allowance for doubtful accounts had a $200 credit balance. Credit sales were $40,000. What is the journal entry to record the bad debts expenses estimated at the year-end: OBad Debt Expense 2,800 Alowance for Doubtful Accounts 2,800 O Bad Debt Expense 800 Allowance for Doubtful Accounts 800 O Bad Debt Expense 800 Accounts Receivable 800 O Bad Debt Expense 2,800 Accounts Receivable 2,800