Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $120,500 and sales of $1,005,000. If uncollectible accounts are estimated to be 0.8% of sales, what is the amount of the bad debts expense adjusting entry? 12. Multiple Choice $7,215 $8,040 $8,865 $8,165 $8,240