If the Accounts Receivable Aging Method calculates a required Allowance for Doubtful Accounts of $5,000, and the beginning balance of the Allowance for Doubtful Accounts is $2,000, what is the journal entry to record the allowance for doubtful accounts? Debit Bad Debts Expense $3,000 Credit Allowance for Doubtful Accounts $3,000 Debit Allowance for Doubtful Accounts $3,000 Credit Bad Debts Expense $3,000 Debit Bad Debts Expense $5,000 Credit Allowance for Doubtful Accounts $5,000 Debit Allowance for Doubtful Accounts $5,000 Credit Bad Debts Expense $5,000