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Question 8 3.45 pts Warren Company has a balance in Accounts Receivable at December 31, 2020 of $500,000 and the company estimates 8% of Accounts

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Question 8 3.45 pts Warren Company has a balance in Accounts Receivable at December 31, 2020 of $500,000 and the company estimates 8% of Accounts Receivable will eventually become uncollectible. If the balance in the Allowance for Doubtful Accounts on December 31, 2020 before adjustment is a debit balance of $1.000, what would be the amount of Warrer's adjusting entry for Bod Debts Expense on December 31, 2020? O $39.000 O $41,000 $40.000 $42.000

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