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Assume that Simple Co. had credit sales of $246,000 and cost of goods sold of $146,000...

Assume that Simple Co. had credit sales of $246,000 and cost of goods sold of $146,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $2,600. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $210.

What amount of Bad Debt Expense would the company record as an end-of-period adjustment?

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Answer #1

Bad Debt Expenses to be recorded= Ending Balance - Begining Balance

$2600-$210=$2390

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