At the end of the current year, using the aging of accounts receivable method, management estimated that $33,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $555. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?Multiple ChoiceAccount Title Debit CreditBad Debts Expense 34,305 Allowance for Doubtful Accounts 34,305Account Title Debit CreditBad Debts Expense 33,750 Allowance for Doubtful Accounts 33,750Account Title Debit CreditBad Debts Expense 33,195 Allowance for Doubtful Accounts 33,195Account Title Debit CreditAccounts Receivable 33,750 Bad Debts Expense 555 Sales 34,305Account Title Debit CreditAccounts Receivable 34,305 Allowance for Doubtful Accounts 34,305