Question 7 Our company had the following financial information available for the current year: accounts receivable on December 31, $99,000; net credit sales for the year, $185,000; cash sales for year, $35,000; and accounts written off during the year, $12,500. What account and amount would we credit to record bad debt expense if our company uses the direct write-off method for bad debts? bad debt expense, $12,500 O accounts receivable, $12,500 O allowance for doubtful accounts, $22,500 bad debt expense, $22,500