40) You have just recieved a notice that a customer of yours with an Account Recievable balance of $100 has gone bankrupt and will not make any future payments. Assuming you use the allowance method, the entry you make is to

A) Debit Bad Debt Expense and credit Allowance for Doubtful Accounts.

B) Debit Bad Debt Expense and credit Accounts Recievable.

C) Debit Allowance for Doubtful Accounts and credit Accounts Recievable

D) Debit Allowance for Doubtful Accounts and credit Bad Debt Expense