Question 7 10 pts Assume a business records a journal entry that debits allowance for doubtful accounts and credits bad debt expense. 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 The business is recording a write off under the allowance method o The business is estimating bad debts under the allowance method O The business is recording a recovery under the direct write off method The business is recording a recovery under the allowance method