27 1.25 pts A company has $40,000 in outstanding accounts receivable and it uses the Aging of Receivables Allowance Method. The Aging Schedule indicates that $2,000 of the total outstanding receivables are uncollectible. The current credit balance (before adjustments) in the allowance for uncollectible accounts is $300. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debt Expense for $2,300. O True O False