Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry?
A. $4,750
B. $5,290
C. $4,625
D. $4,825
E. $3,960
Answer: C
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The President creates law by issuing executive orders
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