Question 8 (3 points) Traditional Corporation has been in business for 5 years. The unadjusted trial balance at the end of the current year shows the following data: Accounts receivable: $100,000 debit; Sales revenue: $400,000 credit: Allowance for doubtful accounts: $10,000 debit. Bad debts are estimated to be 3% of receivables. Which of the below would be the correct entry to adjust Allowance for Doubtful Accounts? 9 $13,000 $3,000 $12,000