Question 4 Not yet answered Points out of 0.33 P Flag question At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and sales for the year total $2,500,000. An analysis of receivables estimates uncollectible receivables as $25,000 Determine the amount of the adjusting entry for bad debt expense and the adjusted balance of Allowance for Doubtful Accounts, respectively. Select one: O a. $19,500 and $25,000 O b. 30,500 and $525,000 O C. $19,500 and $525,000 O d. 530,500 and $25,000