M8-7 Estimating Bad Debts Using the Percentage of Credit Sales Method [LO 8-2 5 Assume Simple Co. had credit sales of $257000 and cost of goods sold of $157,000 for the period Simple uses the percentage of credit sales method and estimates that 2 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 $320 points What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Skipped eBook Print Roferences 5 of 6