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 0.7% of sales, what is the amount of the bad debts expense adjusting entry? Mutiple Choice $7,790 57665 $8,670 $7,865 $6.660