A customer who bought goods on credit 6 months ago has gone out of business. The company doesn't expect to receive payment and has already adjusted for the doubtful collection on this customer account What's the correct entry to remove the outstanding balance? Debit allowance for doubtful accounts, credit bad debt expense Debit accounts receivable, credit allowance for doubtful accounts Debit allowance for doubtful accounts, credit accounts receivable O Debit accounts receivable, credit bad debt expense Debit sales, credit accounts receivable