6 Bad debt expense

Assume Simple Company had credit sales of $260,000 and cost of goods sold of $160,000 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-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $350. Required: What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Assume that Simple Company had credit sales of $252,000 and cost of goods soid of $152,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $3,200. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $270. Required: What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Complete the following table by computing the missing amounts for the following independent cases. (Do not round intermediate colculations. Round "Annual Interest Rote" to 1 decimal place.)