Franks Company has a debit balance of $3,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at the end of the year, Franks estimates that $50,000 of its receivables are uncollectible. The amount of bad debts expense which should be reported for the year is $47,000 a 0 $3,000 b $50,000 .co $53,000 .de