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49. Which of the following is an accounting procedure that (l) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected? a Allowance method of accounting for bad debts. Aging of notes receivable. Direct write-off method of accounting for bad debts. Cash basis method of accounting for bad debts. b: c. Adjustment method for uncollectible debts. d e 50. A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $15,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $315. Using the T-acccunt template below, prepare the required adjusting entry to recognize bad debt expense. AS SETS LIABILITIES EQUITY Current Assets Non-current Assets Property, Plant & Equipmen Investment t s Intangible Assets! Other Current Liabilitie S Non- Current Liabilitie s Contribute d Capital Earned Capital Accumulate d 0C1