1. Assume that a corporation uses the direct write-off method of recording bad debts. It writes off Anne Able's $400 account receivable. To record the write off, the corporation will... A Credit Allowance for Bad Debts for $400 B. Credit Bad Debts Expense for $400 C. Debit Accounts Receivable for $400 D. Debit Allowance for Bad Debts for $400 E. None of the above