Superior Company has provided you with the following information before any year$-$end adjustments:

Net credit sales are $$120,000.$

Historical percentage of credit losses is $2\%.$

Allowance for doubtful accounts has a credit balance of $$300.$

Accounts receivables ending balance is $$47,000.$

What is the estimated bad debt expense using the percentage of credit sales method?

Multiple Choice

$$ $$940.$

As

$$