what is the estimate of bad debt expense?

Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales Credit sales Total sales Credit balance in the Allowance for Doubtful Accounts Bad debt loss rate $ 270 730 1,000 What is the estimate of bad debt expense? Multiple Choice $22,000 $21,900 Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales Credit sales Total sales Credit balance in the Allowance for Doubtful Accounts Bad debt loss rate $ 270 730 1,000 What is the estimate of bad debt expense? Multiple Choice $22,000 $21,900