5) Based on the information: Credit sales 1,720,000 Collections on accounts receivable during the year 1,700,000 8,100,000 Cash sales Unadjusted balance in Allowance for doubtful accounts 500 debit...

Extracted text: 5) Based on the information: Credit sales 1,720,000 Collections on accounts receivable during the year 1,700,000 8,100,000 Cash sales Unadjusted balance in Allowance for doubtful accounts 500 debit Sales returns and allowances for credit sales 40,000 Accounts receivable, beginning of the year 140,000 If bad debts are estimated to be 12 of ending accounts receivable, in the adjusting entry to recognize bad debts, you would debit bad debt expense for: A. 2,300 В. 1.900 C. 1,300 D. 1.800