Gordie Co Reported an Allowance for Bad Debts of $20,000 (Credit)

Gordie Co. reported an Allowance for Bad Debts of $20,000 (credit) at December 31, before performing an aging of accounts receivable. As a result of the aging, Gordie determined that an estimated $28,000 of the December 31, accounts receivable would prove uncollectible. The adjusting entry required at December 31, would be

A)
$\begin{array} { l l } \text { Bad Debt Expense } & 28,000 \\\text { Allowance for Bad Debts } & 28,000\end{array}$
B)
$\begin{array}{lr}\text { Bad Debt Expense } & 20,000 \\\text { Accounts Receivable } & 20,000\end{array}$
C)
Allowance for Bad Debts $\quad 8,000$
Bad Debt Expense $\quad 8,000$
D)
$\begin{array} { l r } \text { Bad Debt Expense } & 8,000 \\\text { Allowance for Bad Debts } & 8,000\end{array}$