If your company factors its accounts receivable, it: A) will use major national credit cards to allow its customers to pay for goods B) will engage in aggressive hounding of its clients to pay their bills C) will focus its collection activities on only the largest Accounts Receivable balances D) sells outstanding receivables to another company A company uses the direct write-off method. The company writes off a $3,000 customer account balance when it becomes clear that the particular customer will never pay. What is the journal entry that would be prepared to record this write-off? A) Debit Allowance for Doubtful Accounts and credit Had Debt Expense for $3,000 B) Debit Accounts Receivable and credit Bad Debt Expense for $3,000 C) Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $3,000 D) Debit Bad Debt Expense and credit Accounts Receivable for $3,000