Which item below contains a true statement?\ Group of answer choices\ \ For a company using the allowance method, the required adjusting entry for bad debts results in a decrease in total assets.\ \ Under the allowance method, Bad Debts Expense is recorded at the time a company writes off a specific account.\ \ Bad Debts Expense is an operating expense.\ \ Bad Debts Expense is recorded in an adjusting entry for a company using the direct write-off approach.