5. At year-end, Bronson Ltd had a balance of accounts receivable of $40,000 and the allowance for doubtful debts has a credit balance of $2,000. It was decided to write off as irrecoverable the debt of Cook Ltd, totalling $2,300. It was further decided that the allowance for doubtful debts should be 10% of accounts receivable. What was the journal entry needed to write off the debt of Cook Ltd as irrecoverable? Dr Bad debts expense $2,300 . Cr Accounts receivable $2,300 Dr Allowance for doubtful debts $2,300 b. $2,000 $300 Cr Accounts receivable Cr Bad debts expense Dr Bad debts expense $2,300 . Cr Allowance for doubtful debts $2,000 $300 Cr Accounts receivable Dr Allowance for doubtful debts $2,300 d. Cr Accounts receivable $2,300