At the End of the Accounting Period,The Grass Is Greener

Multiple Choice

At the end of the accounting period,The Grass is Greener Corporation learns that a customer who owes $350 has gone bankrupt and payment will not be made.The Grass is Greener Corporation should:

A) debit Bad Debt Expense and credit Accounts Receivable for $350.
B) debit the Allowance for Doubtful Accounts and credit Accounts Receivable for $350.
C) debit Bad Debt Expense and credit Cash for $350.
D) debit Accounts Receivable and credit Bad Debt Expense for $350.