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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $146,500 and sales of $1,135,000. If

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $146,500 and sales of $1,135,000. If uncollectible accounts are estimated to be 0.6% of sales, what is the amount of the bad debts expense adjusting entry? Multiple Choice $6,810 O $5725 $7,895 $6,810 O $5,725 $7,895 $6,935 $7,010

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