4 pts Question 5 At the end of the period, the manager of Rhino Co. estimated that $80,000 of its accounts receivable were uncollectible. If the Allowance for Doubtful Accounts has a credit balance of $22,400, which of the following sets forth the adjusting entry to record bad debts for the period? Assume the allowance method is used. O Debit Bad Debt Expense and credit Accounts Receivable for $80,000. O Debit Bad Debt Expense and credit Accounts Receivable for $57,600 O Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $57,600. O Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $80,000