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    TanishaMarie28's Avatar
    TanishaMarie28 Posts: 2, Reputation: 1
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    #1

    Oct 29, 2012, 06:40 PM
    Assume that Simple Co. had credit sales of $256,000 and cost of goods sold of $141,00
    Assume that Simple Co. had credit sales of $256,000 and cost of goods sold of $141,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $1,665. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $260.

    Required:
    What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Oct 29, 2012, 06:44 PM
    Only ask a question once we don't have time to read the same thing twice
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