Craigmont uses the allowance method to account for uncollectible accounts, Its year-end unadjusted trial balance shows Accounts Receivable of $138,500, allowance for doubtful accounts of $1,005 (credit) and sales of $1.095,000. If uncollectible accounts are estimated to be 6% of accounts receivable, what is the amount of the bad debts expense adjusting entry? Multiple Choice $7,305 $8,310 $9,315 $7,490 O $7,640