At the end of the period, the Poppa Company estimated that $80,000 of its accounts receivable were uncollectible based on the aging of outstanding receivables. If the Allowance for Doubtful Accounts has a credit balance of $22,400, which of the following sets forth the adjusting entry to record bad debts for the period? Assume the allowance method is used. A Debit Bad Debt Expense and credit Accounts Receivable for $57,600. B Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $80,000. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $57,600. D) Debit Bad Debt Expense and credit Accounts Receivable for $80,000