Which of the following appropriately describes the presentation of accounts receivable on the financial statements? Gross accounts receivable less bad debt expense in the asset section of the balance sheet O Gross accounts receivable less allowance for doubtful accounts in the asset section of the balance sheet. O Gross accounts receivable in the asset section of the balance sheet and the allowance for doubtful accounts in the expense section of the income statement Gross accounts receivable plus allowance for doubtful accounts in the asset section of the balance sheet