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Theo Co.'s Accounts Receivable manager decides to write off a customer's $2,300 balance due to the customer's bankruptcy. The journal entry using the Allowance

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Theo Co.'s Accounts Receivable manager decides to write off a customer's $2,300 balance due to the customer's bankruptcy. The journal entry using the Allowance Method would be: OA. a debit to Accounts Receivable for $2,300 and a credit to the Allowance for Doubtful Accounts for $2,300. B. a debit to Bad Debt Expense for $2,300 and a credit to the Allowance for Doubtful Accounts for $2,300. OC. a debit to the Allowance for Doubtful Accounts for $2,300 and a credit to Bad Debt Expense for $2,300. OD. a debit to Allowance for Doubtful Accounts for $2,300 and a credit to Accounts Receivable for $2,300.

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