A company uses the aging of receivables method. During the year, the company recorded credit sales of $$630,000.$ Before adjusting entries, at year$-$end, the company has accounts receivable of $$350,000,$ of which $$54,000$ is past due, and the allowance account had a credit balance of $$2,600.$ The company expects it will not collect $7\%$ of the amount not yet past due and $29\%$ of the past due accounts. Which of the following adjusting entries will the company record at year$-$end?

$\backslash$table$[[$Transaction$,$Account Title,Debit,Credit$],[$A$.,$Bad Debt Expense,$36,380,],[,$Allowance for Uncollectible Accounts,,$36,380],[$B$.,\backslash$table$[[$Bad Debt Expense$],[$Allowance for Uncollectible Accounts$]],38,980,38,980],[$C$.,$Bad Debt Expense,$33,780,],[$D$.,\backslash$table$[[$Allowance for Uncollectible Accounts$],[$Allowance for Uncollectible Accounts$],[$Bad Debt Expense$]],33,780,33,780],[,$Bad Debt Expense,,$33,780]]$

Multiple Choice

Option A

Option B

Option C

Option D