Which of the following journal entries correctly records bad debt expense? 
Definitions:
Less Expensive
Characteristic of a product, service, or proposition that costs less, making it more affordable or providing a budget-friendly option.
Loss Leader
A pricing strategy whereby a business offers a product or service at a lower price in an attempt to attract more customers.
Psychological Pricing
A pricing strategy that plays on the psychological perception of prices by consumers, often using prices that are slightly lower than a round number to encourage purchases.
Value-Based Pricing
A pricing method that involves pricing a product based on how it benefits the customer.
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