Using the aging method of accounts receivable method, $5,300 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $103,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $560. Credit sales during the year totaled $156,000. What is the current year's Bad Debt Expense? Multiple Choice $4,740. S7300 | o ooo $5,300. On June 12, because management knew with near certainty that it had no chance of collection, Sheave Company wrote off a customer's account balance in the amount of $350. On November 3, the customer malled a payment for $350 to Sheave. To record the receipt of this payment from the customer, the company would debit: Multiple Choice Bad Debt Expense and credit Cash. 0 Accounts Receivable and credit Bad Debt Expense, and then debit Cash and credit Allowance for Doubtful Accounts. 0 Cash and credit Accounts Receivable. 0 Accounts Receivable and credit Allowance for Doubtful Accounts, and then debit Cash and credit Accounts Receivable