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Triple Diamonds Alpaca Ranch (Triple-D) uses the percentage of sales method to estimate its Bad debt expense. Its experience is that 97.5% of credit sales
Triple Diamonds Alpaca Ranch (Triple-D) uses the percentage of sales method to estimate its Bad debt expense. Its experience is that 97.5% of credit sales will be uncollectible. The balances of Triple-Ds Allowance for doubtful accounts at the beginning and at the end of the 2022 FY are $27,100 and $23,800, respectively. In addition, Triple-D has to write-off $162,900 of its customer accounts during the 2022 FY. How much is Triple Ds credit sales for the 2022 fiscal year? Please provide a dollar amount.
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