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Net credit sales for the month are $126091. The accounts receivable balance is $12520. The allowance is calculated as 4% of the receivables balance using
Net credit sales for the month are $126091. The accounts receivable balance is $12520. The allowance is calculated as 4% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $123 before adjustment, the amount of bad debt expense the company will record will be $______. Enter whole numbers only (no dollar signs, decimals, commas, etc.).
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