Use the following information about Tooele Company.

Tooele Company uses the Percentage of Credit Sales Method for estimating uncollectible accounts. Tooele Company estimates that $5\%$ of total credit sales will ultimately prove to be uncollectible. Total sales for the year were $$500,000$ of which $250,000$ are on account. The ending balance in accounts receivable was $$100,000.$ Before any adjusting entries, the balance in the Allowance for Doubtful Accounts is $$700($DEBIT$).$ Which is part of the correct adjusting entry to record bad debt expense for the year?

DEBIT Bad Debt Expense for $$13,200$

DEBIT Bad Debt Expense for $$25,700$

DEBIT Bad Debt Expense for $$12,700$

DEBIT Bad Debt Expense for $$25,000$

DEBIT Bad Debt Expense for $$12,500$