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Carl's Collectibles estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Carl's computes a total of

Carl's Collectibles estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Carl's computes a total of $8,120 in estimated losses as of December 31, 2021. Its Accounts Receivable account has a balance of $250,000 and its Allowance for Uncollectible Accounts has a balance of $1,625 before adjustment at December 31, 2021. How much bad debt expense will Carl's Collectibles report in 2021? $8,120 $9,745 $1,625 $6,495

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