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estion Completion Status: QUESTION1 AR-S2S0,000, balance in the allowance for bad debts account-debit of $2.500; net credit sales for the year-$1,750,000. In the past 1% of sales proved to be An A/R aging i O a. debit allowance for bad debt, credit bad debt expense $20,000 O b. debit bad debt expense, credit allowance for bad debt $20,000 O c. debit bad debt expense, credit allowance for bad debt$15,000 O d. debit allowance for bad debt, credit bad debt expense $17,500 QUESTION2 OR-S2SO,000; balance in the allowance for bad debts account credit $2,500; net credit sales for the year-$1,750,000. In the past, 1% of sales proved to be ible. An A/R aging indicates $17,500 will be uncollectible. Under the balance sheet approach, what is the journal entry for bad debts? O a. debit bad debt O b. debit bad debt expense, credit allowance for bad debt, $17,500 O c. debit allowance for bad debt, credit bad debt expense $15,000 O d. debit allowance for bad debt, credit bad debt expense $17,500 expense, credit allowance for bad debt $15,000 QUESTION3 MR-ssoooos balance in the allowance for bad debts account . debit of SS00; net credit sales for the year-$1,750,000. In the past, 1 % of sales proved to be uncollectible. An A/R aging indicates $17,500 will be uncollectible. Under the income statement approach, what is the journal entry for bad debts? a. debit bad debt expense, credit allowance for bad debt $15,000 b. debit allowance for bad debts, credit bad debt expense, $17,500 c. debit bad debt expense, credit allowance for bad debts $17,500 d. debit allowance for bad debts, credit bad debt expense $15,000 o Click Save and Submit to save and submit. Click Save All A