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Using the aging method of accounts receivable method, S5,000 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year,

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Using the aging method of accounts receivable method, S5,000 of the company's Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is S100,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is S500. Credit sales during the year totaled S150,000. What is the current year's Bad Debt Expense?) $4,500 $4,500 $5,000 $7,000 $7,500

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