Centrum Ltd. has a customer with an Accounts Receivable balance of $1,000. Centrum Ltd. has just received notice that the customer has gone bankrupt and only be able to pay $200 of the balance owing. Assume Centrum Ltd. uses the allowance method for uncollectible accounts. On receipt of the bankruptcy notice, Centrum Ltd. will make the following entry: debit Allowance for Doubtful Accounts $800 and credit Accounts Receivable $800. debit Cash 200 and credit Accounts Receivable $200. debit Bad Debts Expense $800 and credit Accounts Receivable $800. debit Bad Debts Expense $1,000 and credit Allowance for Doubtful Accounts $1,000. none of the above.