A company has $107.000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts Experience suggests that 5% of outstanding receivables are uncollectible. The current balance before adjustments) in the allowance for doubtful accounts is aln) $970 debit. The joumal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for Multiple Choice 54.380 None of these is correct 55350