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On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $122,535; Allowance for Doubtful Accounts,

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On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $122,535; Allowance for Doubtful Accounts, credit balance of $1,198. What amount should be debited to Bad Debts Expense, assuming 7% of outstanding accounts receivable at the end of the current year will be uncollectible? $9,775 $8,577 $7,379 $1,198 $6,181

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