31. Annual sales of a company are approximately $18 million. At the end of year 1, accounts receivable were presented in the company's balance sheet as follows: Accounts Receivable $120,000 Less: Allowance for doubtful accounts 18,000 During year 2, $25,000 of specific accounts receivable were written off as uncollectible. Of these accounts written off, receivables totaling $5,000 were subsequently collected. At the end of year 2, an aging of accounts receivable indicated a need for a $10,000 allowance to cover possible failure to collect the accounts currently outstanding. The company makes adjusting entries for uncollectible accounts only at year-end. In recording the accounts written off, which of the following is correct? * (3 Points) Debit accounts receivable; Credit: allowance for doubtful accounts Debit: uncollectible accounts expense. Credit: allowance for doubtful accounts Debit uncollectible accounts expense; Credit: allowance for doubtful accounts Debit: allowance for doubtful accounts: Credit: accounts receivable