Bpreviously solvwsolved are wiring olance sheet approach is used to estimate bad debts expense Based on a historical analysis, $1\%$ of credit sales have historkally not been collectable Total sales tor the period were $$1,000,000.$ The beginining balance in the allowance for doubtful accounts was $$12,000.$ Per the aging schedule, the ending balance in the allowance account would be $$15,000.$ There were $$500$ of write $-$ offs of accounts recelvable during the period. What was bad debt expense using the balance sheet approach?

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