[Solved] If the company makes the following journal entry to record bad debt expense, which method of accounting for bad debts is it using? Dr. Bad debt expense\(\quad\)\(\quad\)\(\quad\) xxx Cr. Allowance for uncollectible accounts \(\quad\)xxx A)Direct writeoff method B)Allowance method C)Net realizable value method D)Bad debt expense method Total N: Total N denotes the total number of observations or cases considered in a dataset or study. Chi-square Statistic: A measure used in statistics to assess the differences between observed and expected frequencies in one or more categories. Critical Value: A threshold in hypothesis testing that defines the boundary for rejecting the null hypothesis. Degrees Of Freedom: The number of independent values or quantities which can be assigned to a statistical distribution, crucial for assessing the significance of test statistics.