13. Yo da Enterprises elects the allowance method for estimating and recognizing bad debt in their first year of operations (January 1,2013 - December 31, 2013). At the end of their first year of operation, Yoda Enterprises shows sales of $850,000 with an outstanding accounts receivable balance of $84,000. Upon review of this $84,000 balance, management estimates that 50% maybe uncollectible in the coming year. Using the allowance method, Yoda Enterprises would record the following entry to recognize this estimated uncollectible balance: A) Bad Debts Expenses $42,000 B) C) D) Accounts Receivable $42,000 Bad Debts Expenses $42,000 Allowance for Doubtful Accounts Accounts Receivable $42,000 Allowance for Doubtful Accounts $42,000 Allowances for Doubtful Accounts $42,000 $42,000 $42,000 Bad Debts Expenses