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Wolfo, Inc. had credit sales for the period of $150,000. The balance in Allowance for Doubtful Accounts is a debit of $643. If Wolfe estimates

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Wolfo, Inc. had credit sales for the period of $150,000. The balance in Allowance for Doubtful Accounts is a debit of $643. If Wolfe estimates that 4% of credit sales wil be uncollectible, what is the required journal entry to record estimated uncollectible accounts? O A. Debit Bad Debt Expense, $6,000; credit Allowance for Uncollectible Accounts, $6,000. O B. No entry is required. OC. Debit Bad Debt Expense, $6,643; credit Allowance for Uncollectible Accounts, $6,643 OD. Debit Bad Debt Expense, $5,357credit Allowance for Uncollectible Accounts, $5,357

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