In May, a company makes $100,000 on sales, with 60% of those being on credit. The bad debt rate is 3% of credit sales. Which of the following is the proper journal entry to record this expense? Answer Choice A B C D Debit Bad Debt Expense $1,800 Receivables Expense $1,800 Bad Debt Expense $3,000 Receivables Expense $3,000 Credit Provision for Doubtful Accounts $1,800 Accounts Receivable $1,800 Provision for Doubtful Accounts $3,000 Accounts Receivable $3,000 A. Debit/Bad Debt Expense $1,800; Credit/Provision for Doubtful Accounts $1,800 B. Debit/Receivables Expense $1,800.; Credit/Accounts Receivable $1,800 OC. Debit/Bad Debt Expense $3,000.; Credit/Provision for Doubtful Accounts $3,000 D. Debit/Receivables Expense $3,000; Credit/Accounts Receivable $3,000 Which of the following is debited when a company officially determines that it is unable to collect receivables from a customer? Accounts Receivable Provision for Doubtful Accounts Bad Debt Expense Unearned Revenue