merrie girl
New member
...expense is the new estimated percent? For example, a company had credit sales of $550,000 and estimates that 2% of credit sales would be uncollectable. The Accounts Receivable balance was $350,000 on the balance sheet date and the Allowance for Doubtful Accounts had a credit balance of $10,000 before adjusting entries. How much would the debit to Bad Debt Expense be?