Billings Corporation Had Total Sales in the Current Year of $600

Billings Corporation had total sales in the current year of $600, 000 and credit sales of $550, 000.The Accounts Receivable balance was $350, 000 on the balance sheet date and the Allowance for Doubtful Accounts had a credit balance of $10, 000 before adjusting entries.Bad debt expense is estimated as 2% of credit sales.The adjusting entry to record estimated bad debt expense would include a

A) $ 1, 000 debit to Bad Debt Expense
B) $11, 000 debit to Bad Debt Expense
C) $12, 000 debit to Bad Debt Expense
D) $ 2, 000 debit to Bad Debt Expense