The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship Mar 1 The business received $8,000 cash from the owner of the business, Morris Tharps. The business gave capital to Morris Tharps Mar 2 Paid the first month's rent of $800, Mar 3 Purchased equipment by paying $2,500 cash and executing a note payable for $7.000 Mar 4 Purchased office supplies for $750 cash Mar 5 Billed a client for $10,000 of design services completed Mar 6 Received 57,800 on account for the services previously recorded What is the balance in Cash on March 62 O A $13,300 B $11.750 C. $14,250 D. $12,550 Thomas Company uses the allowance method and estimates bad debts using the percent-of-sales method. The company's management estimates that $18,000 of net credit sales will be uncollectible for the year 2025. What is the journal entry to record the estimated bad debts expense? 18.000 18 000 18,000 18,000 OA Allowance for Bad Debts Bad Debts Expense B. Allowance for Bad Debts Accounts Receivable C. Bad Debts Expense Allowance for Bad Debts D Accounts Receivable Allowance for Bad Debts 18000 18.000 18,000 18.000