Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $144,500, allowance for doubtfui accounts of $1,065 (credit) and sales of $1125,000. 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 $4560 36,6% 33759