Eps 5.6-3-2 23. Bendable Company uses the allowance method of accounting for uncollectible accounts. Bendable estimates that 4% of credit sales will be uncollectible. On January 1, the Allowance for Doubtful Accounts had a debit balance of $1,000. During the year, Bendable wrote off accounts receivable totaling $2,000 and made credit sales of $250,000. After the adjusting entry, the December 31 balances in Bad Debt Expense and the Allowance for Doubtful Accounts, respectively, will be? a. S10,000; $7,000 b. $2,000; $5,000 c. $5,000; $2,000 d. $7,000; $10,000