Brule Co. has been in business five years. The unadjusted trial balance at the end of the current year shows: Bad debts are estimated to be 10% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. Bad Debt Expense 3,000 Allowance for Doubtful Accounts 3,000 Allowance for Doubtful Accounts 3,000 Bad Debt Expense 3,000 Bad Debt Expense 5,000 Allowance for Doubtful Accounts 5,000 Allowance for Doubtful Accounts 2,000 Bad Debt Expense 2,000