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Help Save& Exit Submit 4: Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $108,500,
Help Save& Exit Submit 4: Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $108,500, allowance for doubtful accounts of $705 (credit) and sales of $945,000. If uncollectible accounts are estimated to be 07% of sales, what is the amount of the bad debts expense adjusting entry? 34 Ints Multiple Choice 01:19:35 $6,740 $6,615 $6,815 $7,320
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