Business
Business, 20.07.2019 00:10, deandrehudson18

Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts receivable of $146,500, allowance for doubtful accounts of $1,085 (credit) and sales of $1,135,000. if uncollectible accounts are estimated to be 5% of accounts receivable, what is the amount of the bad debts expense adjusting entry?

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