TB MC Qu. 07-131 (Algo) Craigmont uses the allowance method... Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $144,500 and sales of $1,125,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry? Multiple Choice $5,625 $4,560 $6,690 $5,750 $5,825

TB MC Qu. 07-131 (Algo) Craigmont uses the allowance method... Craigmont uses the allowance method to account for uncollectible occounts, Its year-end unadjusted triai balance shows Accounts Receivable of $144,500 and sales of $1,25,000 if uncollectible accounts are estimated to be 0 5% of sales, what is the amount of the bad debts expense adjusting entry? Multiple Choice $5625 54560 56.690 $5750 55,825