hpts 6,7,8,9 Required information [The following information applies to the questions displayed below.) On average, 5% of credit sales has been uncollectible in the past. At the end of the year, the balance of accounts receivable is $140,000 and the allowance for doubtful accounts has an unadjusted credit balance of $700. Net credit sales during the year were $190,000 Using the percentage of credit sales method, the estimated bad debt expense would be: Multiple Choice $10.200 $8,800. O $7,000 $9,500