During the current year (20x1). Carlson Inc. had credit sales of $4,000,000 and 75 percent of the credit sales was collected in cash. The company estimated that 2 percent of the credit sales would be uncollectible. During the next year (20X2), one of Carlson's credit customers, Lemon Company, with an account balance of $5,000, was judged to be uncollectible and written off. Prepare the necessary journal entry to record the write-off of the Lemon Company account in the following year (20x2). Select one: a. AR. Lemon Co. $5,000 Allow, for doubtful accounts $5,000 b. Allow for doubtful accounts 55,000 AR-Lemon Co. $5,000 c. Bad debt expense $5,000 AR-Lemon Co. $5,000 d. Bad debt expense Cash $5,000 55.000