Al-Hashimi Co. uses the Balance Sheet approach to estimate their bad debts. An analysis of the Accounts Receivable on December 31, 2008 produced the following age groups and the estimated percentage probably uncollectible: The estimated amount of bad debts using the Balance Sheet approach is: (2 Points) Provision for bad debts has credit balance of BD2,300. Required: Using the information, choose the correct answer for the following questions: The adjusting entry required to bring the Provision for Bad Debts to the proper amount is: Age group Amount (BD) Estimated Estimated Percent Uncollectible Amount Uncollectible (BD) Not yet due 51,000 1% 1-30 days past due 29,000 3 31-60 days past due 12,000 10 61-90 days past due 3,000 20 More than 90 days past due 5,000 50 Total Accounts Receivable 100,000 Bad Debts Expense BD2,300 DR/ Provision for Doubtful Debts BD2,300 CR Provision for Doubtful Debts BD2,300 DR/ Bad Debts Expense BD2,300 CR Bad Debts Expense BD3,380 DR/ Provision for Doubtful Debts BD3,380 CR Bad Debts Expense BD5,680 DR/ Provision for Doubtful Debts BD5,680 CR None of the above