Windsor Discount Wholesale Company has a $$140200$ balance in Accounts Receivable and a $$530$ debit balance in Allowance for Doubtful Accounts at year$-$end just prior to recording adjusting entries. Credit sales for the period totaled $$941000.$ How much is the amount of the bad debt adjusting entry if Windsor estimates that $5\mathrm{.}0\%$ of its receivables will be uncollectible?

Select answer from the options below

$$7540$

$$6480$

$$7010$

$$47050$