Patterson Co. had a debit balance of $1,000 in its Allowance for Doubtful Accounts account on December 31,2015. Their net sales for the year totaled $700,000 and they had $100,000 in their Accounts Receivable account. If they estimate their Bad Debt for the year to be 10% of Accounts Receivable, their year end adjusting entry for Bad Debts would be: A. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $9,000. B. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $70,000. C. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $10,000. D. Debit Bad Debt Expense and credit Allowance for Doubtful Accounts for $11,000.