Jakes Electronics uses the Allowance Method in accounting for bad debts expense using the Balance Sheet (A/R Aging) Approach. The unadjusted trial balance of Jake's Electronics at December 31, 2021 shows a debit balance in accounts receivable of $125,000 and a credit balance in the allowance for doubtful accounts of $1,000 Jake's accounts receivable balance is broken down into the following aging categories: Aging % Uncollectible Under 30 days 30-60 days Over 60 days Balance $25,000 40,000 60,000 1% 18% 40% What balance should be reported in the allowance for doubtful accounts at year-end after all adjusting journal entries have been made? O a $125,000 O b: $27.250 Oc. $1,000 O d. $27,500 The Journal entry that Jake would use to record bad debt expense at December 31, 2021 is: a Debit Bad debt expense. Credit Accounts receivable Ob Debit Bad debt expense, Credit Allowance for doubtful accounts O Debit Allowance for doubtful accounts, Credit Bad debt expense od Debit Bad debt expense, Credit Sales revenue The amount on the adjusting journal entry needed on December 31, 2021 would be: at $27.500 b. $27,250 OG $26.500 d. $28.500