QUESTION 1 At the end of the current year, the accounts receivable account has a debit balance of $100,000 and Sales for the year totaled $1,500,000. The Allowance for Doubtful Accounts has a DEBIT balance of $2,000 prior to adjustment What is the amount of the adjusting entry if Bad Debt is estimated to be 296 of sales? A. $32,000 B. $2,000 C. $28,000 D.$30,000