Question: Which journal entry below correctly shows how the allowance method would be implemented for a customer who owes $5,700? DATE ACCOUNT REF DEBIT CREDIT 10/31/22

Which journal entry below correctly shows how the allowance method would be implemented for a customer who owes $5,700? DATE ACCOUNT REF DEBIT CREDIT 10/31/22 BAD DEBT EXPENSE $5,700 ALLOWANCE FOR BAD DEBT $5,700 DATE ACCOUNT REF DEBIT CREDIT 10/31/22 ALLOWANCE FOR BAD DEBT $5,700 BAD DEBT EXPENSE $5,700 DATE ACCOUNT REF DEBIT CREDIT 10/31/22 BAD DEBT EXPENSE $5,700 ALLOWANCE FOR BAD DEBT $0 DATE ACCOUNT REF DEBIT CREDIT 10/31/22 ALLOWANCE FOR BAD DEBT $0 BAD DEBT EXPENSE $5,70

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