An accounting procedure that (1) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected is the A. Allowance method of accounting for bad debts. B. Aging of notes receivable. C. Adjustment method for uncollectible debts. D. Direct write-off method of accounting for bad debts. E. Cash basis method of accounting for bad debts