Thor Companys Accounts Receivable account has a balance of $800,000 at the end of the year, and the company estimates the Net Realizable Value of Accounts Receivable to be $768,000. The Allowance for Doubtful Accounts has a credit balance of $18,000 at the beginning of the current year, and during the year, Thor wrote off $15,000 of accounts receivable. The year-end adjusting entry would require a:

Select one:

A. A credit to Allowance for Doubtful Accounts for $32,000 B. A credit to Allowance for Doubtful Accounts for $35,000 C. A debit to Bad Debts Expense for $29,000 D. A debit to Bad Debts Expense for $14,000