Waterway Ltd. has prepared the following aging schedule for the company at December 31, 2017. The company uses the percentage of receivables approach to estimate uncollectible accounts. Accounts receivable % uncollectible Estimated uncollectible accounts Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 $381000 $220500 $84000 $45000 $9500 $22000 2% 5% 9% 17% + 30% $20875 $4410 $4200 $4050 $1615 $6600 Assume that the company has a $1000 debit balance in the allowance account before any adjustment for the current year's bad debt expense. The entry to record uncollectible accounts will include a debit to Bad Debt Expense for $20875. credit to Bad Debt Expense for $21875. O debit to the Allowance account for $20875 credit to the Allowance account for $21875