Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $148,500, allowance for doubtful accounts of $1105 (credit) and sales of $1,145,000. If uncollectible accounts are estimated to be 0.700% of sales, what is the amount of the bad debts expense adjusting entry?
A. $6910
B. $8140
C. $8215
D. $8015
E. $9120
Answer: D
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Answer the following statement true (T) or false (F)
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