FacebookTwitter w Wakipedia YahoolNews PopulaApple Disney ESPN YahoolImported From Sa Chapter 8 Assignment Help Save& Exit Submit Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $154,000 for the period. It credit sales in uncollectible accounts when it uses the percentage of credit sales method and it balance in the Allowance for Doubtful Accounts is $5,800 when it uses the aging estimates that 2 percent of estimates that the appropriate ending method. Before the end-of period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $290 1. Prepare the journal entry to record the end-of-period adjustment for bad debts under 10 the (a) percentage of credit sales method and is required for a transaction/event, select "No Journal Entry Required" in the (b) aging of accounts receivable method. (If no entry i first account field.) Print View tra list Journal entry worksheet Record the end-of-period adjustment for bad debts under the percentage of credit sales method