A company uses the aging of receivables method. During the year, the company recorded credit sales of $680,000. Before adjusting entries at year-end, the company has accounts receivable of $300,000, of which $58,000 is past due, and the allowance account had a credit balance of $2,700. The company expects it will not collect 8% of the amount not yet past due and 24% of the past due accounts. Which of the following adjusting entries will the company record at year-end? Transaction Account Title Debit Credit A. Bad Debt Expense 33,280 Allowance for Uncollectible Accounts 33,280 B. Bad Debt Expense 35,980 Allowance for Uncollectible Accounts 35,980 C. Bad Debt Expense 30,580 Allowance for Uncollectible Accounts 30,580 D. Allowance for Uncollectible Accounts 30,580 Bad Debt Expense 30,580 Multiple Choice Option A Option B Option C Option D