Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows...

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 3% of accounts receivable, what is the amount of the bad debts expense ?adjusting entry :Answer Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 3% of accounts receivable, what is the amount of the bad debts expense ?adjusting entry :Answer