- debt consolidation credit
- credit debt management
- latest quarterly result
- calculate percentage salary increase
Assume Simple Co. had credit sales of $259,000 and cost of goods sold of $159,000 for the period. Simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $340.
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
Accounting Help Please?
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