Total sales for the period amounted to $100,000, of which 60 percent was on credit. The unadjusted trial balance showed Accounts receivable of $20,000 and the Allowance for doubtful accounts reflected a $500 credit balance (before the write off of a bad account of $100). The bad debt experience ratio based on the ending balance in accounts receivable is 3 percent. Bad debt expense for the period should be reported as $_____________________.

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The Answer of Total sales for the period amounted to $100,000, of which 60 percent was on credit. The unadjusted trial balance showed Accounts receivable of $20,000 and the Allowance for doubtful accounts reflected a $500 credit balance (before the write off of a bad account of $100). The bad debt experience ratio based on the ending balance in accounts receivable is 3 percent. Bad debt expense for the period should be reported as $_____________________.

Total Sales for the Period Amounted to $100,000, of Which