Table 9-5
the Ritchie Company Gathered the Following Information Pertaining

Table 9-5
The Ritchie Company gathered the following information pertaining to its year ended December 31, 2019, prior to any adjustments:
$$\begin{array} { | l | r | r | } \hline \text { Net credit sales for the year } & \$ 780,000 & \\\hline \text { Accounts receivable, Dec. } 31,2019 & 170,000 & \\\hline \text { Allowance for doubtful accounts, } & & \\\text { December } 31,2019 & 3,200 & \mathrm { Cr } . \\\hline & & \\\hline\end{array}$$ Aging of accounts receivable at December 31, 2019:
$$\begin{array} { | l | r | } \hline 1 - 30 \text { days } & \$ 95,000 \\\hline 31 - 60 \text { days } & 38,000 \\\hline 61 - 90 \text { days } & 23,000 \\\hline \text { Over } 90 \text { days } & 14,000 \\\hline \text { Total } & \$ 170,000 \\\hline\end{array}$$
-Refer to Table 9-5. Assume Ritchie uses the aging-of-accounts-receivable method for estimating uncollectible accounts. Ritchie estimates that uncollectible accounts will be aged as follows: 3% for 1-30 days; 5% for 31-60 days; 8% for 61-90 days; and 20% for over 90 days. The adjusting entry to record bad-debt expense for the year is:

A) $\begin{array} { | c | r | r | } \hline \text { Bad-Debt Expense } & 12,590 & \\\hline \text { Accounts Receivable } & & 12,590 \\\hline\end{array}$
B) $\begin{array} { | c | r | r | } \hline \text { Bad-Debt Expense } & 6,190 & \\\hline \text { Allow. for Doubtful Accts. } & & 6,190 \\\hline\end{array}$
C) $\begin{array} { | r | r | r | } \hline \text { Allow. for Doubtful Accts. } & 6,190 & \\\hline \text { Bad-Debt Expense } & & 6,190 \\\hline\end{array}$
D) $\begin{array} { | c | r | r | } \hline \text { Bad-Debt Expense } & 9,390 & \\\hline \text { Allow. for Doubtful Accts. } & & 9,390 \\\hline\end{array}$