Assume that Simple Company had credit sales of $240,000 and cost of goods sold of $140,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $2,000. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $150. Required: What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Bad Debl Expense

Assume that Simple Company had credit sales of $240,000 and cost of goods sold of $140,000 for the peniod. Simpie uses the aging method and estimates that the approprlate ending balance in the Allowance for Doubtful Accounts is $2.000. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $150 Required: What amount of Bad Debt Expense would the company record as an end-of-period adjustment