ABC Company uses balance sheet approach to estimate uncollectible accounts. Prior to adjusting entry at the end of the period, the balances of accounts receivable and allowance for doubtful accounts are $178,000 (debit balance) and $19,900 (credit balance), respectively. At the end of the period, the following aging schedule is prepared: Age grouping Amount of accounts Estimated percentage to be receivable uncollectible 1-60 days past due $45,000 6% 61-90 days past due $55,000 14% Over 90 days past due $78,000 45% In order to record the adjusting entry at the end of the period: Select one: a.Uncollectible Accounts Expense is debited for $10,000 and Allowance for Doubtful Accounts is credited for $10,000 b.Uncollectible Accounts Expense is debited for $29,900 and Accounts Receivable is credited for $29,900 c.Uncollectible Accounts Expense is debited for $10,000 and Accounts Receivable is credited for $10,000 d.Uncollectible Accounts Expense is debited for $29,900 and Allowance for Doubtful Accounts is credited for $29,900