On its fiscal year end, Ottawa Inc.'s leger accounts show that its accounts receivable balance is $80,000, the Allowance for Doubtful Accounts has a debit balance of $700 before adjustment, and the total net credit sales were $690,000. Using an aging schedule, management estimates that $5,000 of accounts receivables will be uncollectible. The adjusting entry will be: Question 40 options: Bad Debts Expense 5,000