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Check my work Assume Simple Co. had credit sales of $254.000 and cost of goods...

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Accounting

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Check my work Assume Simple Co. had credit sales of $254.000 and cost of goods sold of $154,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-of-peniod adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $290. What amount of Bad Debt Expense would the company record as an end-of-period adjustment

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