5. During 20x5, a corporation wrote off Albert Able's $500 account receivable. During 20x7, Albert Able unexpectedly pays the $500 in full to the corporation. To record the 20x7 event, the corporation should ... A. Debit Allowance for Bad Debts for $500 B. Credit Bad Debts Expense for $500 C. Debit Bad Debts Expense for $500 D. Credit Allowance for Bad Debts for $500 E. None of the above