ed: Midterm Exam #$2$SavedHelpSave & Exit$/$hich of the following is an accounting method that $(1)$ estimates and reports bad debts expense from credit sales during the period the ales are recorded, and $(2)$ reports accounts receivable at the estimated amount of cash to be collected?Multiple ChoiceDirect write$-$off method of accounting for bad debts.Aging of notes receivable method.Cash basis method of accounting for bad debts.Allowance method of accounting for bad debts.