Jio Incorporated uses the accrual method of accounting. Here is a reconciliation of Jio's allowance for bad debts for the current year. Beginning allowance for bad debts $ 61,150 Actual write-offs of accounts receivable during the year (80,000) Addition to allowance 88,500 Ending allowance for bad debts $ 69,650 Which of the following statements is true? Multiple Choice Bad debt expense per books and the deduction for bad debts is $88,500. Bad debt expense per books is $80,000, and the deduction for bad debts is $88,500. Bad debt expense per books is $88,500, and the deduction for bad debts is $80,000. er 6-9 Saved Help Save & Exit Submit Which of the following statements is true? Multiple Choice Bad debt expense per books and the deduction for bad debts is $88,500 Bad debt expense per books is $80,000, and the deduction for bad debts is $88,500 Bad debt expense per books is $88,500, and the deduction for bad debts is $80,000 c Bad debt expense per books and the deduction for bad debts is $69,650. K (X