the May purchases and sales, IF Krary Kids wes will make for the sale on Chart hs: (4 Points) Company A as a fiscal year-end of 1231. The Company uses the aging of receivables method to account for bad debts. At the end of the current year, using the aging of receivable method, management estimated that $15,750 of the accounts receivable balance would be collectible Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a DEBIT balance of 5375 What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense AND what would be the balance of the Allowance for doubtful accounts after the adjustment is made? You may omit the date, account numbers and descriptions in the journal entry Adjusting Entry: Balance in Allowance for Doubtful Accounts