Font Voice | | Uncollectible Accounts- Review Green Co had sales of $1,000,000 and collections of $760,000, leaving a balance of $240,000 in accounts receivable as of 12/31/21. Analysis indicates it expects to collect $200,000 of its accounts receivable. What is the journal entry to record an allowance for uncollectible accounts? a. Debit accounts receivable for $40,000 and credit bad debts for $40,000 b. Debit bad debt expense for $40,000 and credit allowance for $40,000 c. Debit allowance for $40,000 and credit accounts receivable for $40,0000 d. Debit allowance for $40,000 and credit bad debts for $40,000 k to add notes