Assume Simple Co. had credit sales of $244,000 and cost of goods sold of $144,000 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 $190. What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Bad Debt Expense The aging of accounts receivable method focuses on estimating the ending balance to be reported in the Allowance for Doutera Accounts, whereas the percentage of credit sales method focuses on estimating Bad Debt Expense for the period True or False True False