ABC Inc. uses the aging of accounts receivable method to determine bad debt

expense. The following information regarding the fiscal year $2023$ is provided:

Beginning of period allowance for uncollectible accounts: $$100,000$

Actual write$-$offs of bad debt during the period: $$5,000$

Which of the following is the correct journal entry for the bad debt expense

in $2023?$

Dr$.$ Bad debt expense

Cr$.$ Allowance for doubtful accounts

$98,000$

Dr$.$ Allowance for doubtful accounts $5,000$

Cr$.$ Gross accounts receivable $,5,000$

Dr$.$ Bad debt expense

$Cr.$ Allowance for doubtful accounts

$5,000$

$98,000$

Dr$.$ Bad debt expense $,5,000$

Cr$.$ Allowance for doubtful accounts $,5,000$

Dr$.$ Bad debt expense

$3,000$

$Cr.$ Allowance for doubtful accounts

$3,000$