At the end of the current year, using the aging of receivable method, management estimated that $20,250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $525. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 20, 250 Bad Debts Expense Allowance for Doubtful Accounts 20, 250 19, 725 Bad Debts Expense Allowance for Doubtful Accounts 19,725 20, 775 Bad Debts Expense Allowance for Doubtful Accounts 20,7751 Mullis Company sold merchandise on account to a customer for $1,125, terms n/30. The journal entry to record this sale transaction would be: Multiple Choice Debit Cash of $1,125 and credit Sales $1,125. Debit Cash of $1,125 and credit Accounts Receivable $1,125. Debit Accounts Receivable $1,125 and credit Sales $1,125. Debit Accounts Receivable $1,125 and credit Cash $1,125