A customer called John Smith has owed the sum of $400,000 for a long time. He becomes bankrupt on September 30, 2019 and is able to pay 25% of his debt. The journal entries to write off the bad debt will be: a. Dr, Bad debts Account $100,000; Cr John Smith $100,000 O b. Dr, Bad Debts Account $400,000; Cr, John Smith $400,000 c. DR, Cash Account $300,000: Cr. Bad debts Account $300,000 O d. Dr. Bad debts Account $300,000; Credit John Smith $300,000