Question 3 1 pts During Year 1, Kylie Department Store had total sales of $1,500,000, of which 60% were on credit. During the year, $500,000 cash was collected on credit sales. The beginning balance in Accounts Receivable (on January 1 of Year 1) was $82,500. The beginning balance in the Allowance for Bad Debts (on January 1 of Year 1) was $10,000. The amount of accounts written off as uncollectible during the year was $13,500. Management uses the percentage of sales method" and estimates that 4% of credit sales will ultimately be uncollectible. Which ONE of the following is included in the adjusting journal entry necessary at the end of the year to record bad debt expense for the year? A CREDIT to Cash for $36,000. A CREDIT to Accounts Receivable for $36,000 A DEBIT to Bad Debt Expense for $36,000. A DEBIT to Allowance for Bad Debts for $36,000. A CREDIT to Bad Debt Expense for $36,000. A DEBIT to Accounts Receivable for $36,000