Libre, Inc. has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accounts Receivable is $117,000 and the Allowance for Doubtful Accounts has an unadjusted credit balance of $1350. Net credit sales during the year were $184,000. Using the percentage of credit sales method, what is the estimated Bad Debt Expense for the year?
A. $8700.
B. $5850.
C. $9200.
D. $9700
Answer: C
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