Total doubtful accounts at the end of the year are estimated to be $29,500 based on an aging of accounts receivable. If the balance in the Allowance for Doubtful Accounts is a $9,700 debit before adjustment, what is current year's Bad Debt Expense? Multiple Choice $39,200. $29,500. $9,700. $19,800. Libby Company uses the percentage of credit sales method for calculating Bad Debt Expense. The company reported $217,500 in total sales during the year; $179,000 of which were on credit. Libby has experienced bad debt losses of 7% of credit sales in prior periods. What is the estimated amount of Bad Debt Expense for the year? Multiple Choice $15,225 $12,530 $13,000 $38,500