Question 3 10 pts Assume a business records a journal entry that debits bad debt expense and credits allowance for doubtful accounts. Choose the item that most accurately and completely describes this situation O The business is recording a write off under the direct write off method O The business is recording a write off under the allowance method O The business is estimating bad debts under the allowance method The business is recording a recovery under the direct write off method The business is recording a recovery under the allowance method