At year-end Shifty Ltd had a balance of Accounts Receivable of $90 000 and an Allowance for Doubtful Debts of $4000. It was decided to write off the debt of Wriggler totalling $2500 as irrecoverable. It was further decided that the Allowance for Doubtful Debts should stand at 5% of Accounts Receivable. What was the journal entry needed to bring the Allowance for Doubtful Debts to the required level after writing off the debt of Wriggler? TE Select one: O a. Dr Bad Debts Expense $4500 Cr Allowance for Doubtful Debts $4500 b. Dr Allowance for Doubtful Debts. $2500 Cr Accounts Receivable $2500 O c. Dr Bad Debts Expense.....$3000 Cr Allowance for Doubtful Debts....$3000 . d. Dr Bad Debts Expense $2875 Cr Allowance for Doubtful Debts. $2875 Clear my choice