Using the aging method of accounts receivable method, $5,000 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $100,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $500. Credit sales during the year totaled $150,000. What is the current year's Bad Debt Expense? Multiple Choice $7,000 $7,500 $5,000 $4,500

Using the aging method of accounts receivable method, $5,000 of the company's Accounts Receivable are estimated to be uncollectible At the end of the year, the balance of Accounts. Receivable is $100,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $500. Credit sales during the yeat totaled $150,000. What is the current year's Bad Debt Expense? Multiple Choice $7,000 $7,500 $5,000 $4,500