14. Wizard Incorporated follows the allowance method for estimating bad debt. As of June 30, 2013 the company's accounting records reflect outstanding accounts receivable of $15,000 with an allowance for doubtful accounts of $5,000. The controller has been authorized to formally write off an account balance of $1,000 that was previous included in the $5,000 balance of the allowance for doubtful accounts. The correct journal entry to record this write off is: A) Bad Debts Expenses $1,000 Accounts Receivable $1,000 Bad Debts Expenses $1,000 Allowance for Doubtful Accounts Accounts Receivable $1,000 Allowance for Doubtful Accounts $1,000 Allowances for Doubtful Accounts $1,000 B) C) D) $1,000 Accounts Receivable $1,000