Company uses the aging method of accounts receivable method and determined that $5,000 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $100,000 and the unadjusted DEBIT balance of the Allowance for Doubtful Accounts is $500. Credit sales during the year totaled $150,000. What is the current years Bad Debt Expense?

$155,000

None of the above

$95,000

$94,500

$95,500