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QUESTION 10 1 points Save Answer What happens on a firm's book and/or financial statements when "Bad debt expense is estimated to be $5,000"? (Please see Transaction 19 in Exhibits 3.5, 3.6, & 3.8). Allowance for Uncollectibles account is decreased by $5,000 Allowance for Uncollectibles account is increased by $5,000 and recorded as negative $5,000 Bad debt expenses are increased by $5,000 on the Statement of Operations Finance professionals do not worry about good or bad debt