QUESTION 24 Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104.500 and sales of $925 000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry? O 54,825 $4.625 55.290 53,960 54.750 QUESTION 25 A company had total sales of $660 000, net sales of $646.400, and an average accounts receivable net of $101.000 Its accounts receivable turnover equals 065 64 65.4 10 572