Question: gpt is giving incorrect plss a good experexpert solve else fase dislikdislike Balance sheet approach is used to estimate bad debts expense. Based on a

gpt is giving incorrect plss a good experexpert solve else fase dislikdislike Balance sheet approach is used to estimate bad debts expense. Based on a historical analysis,

1 %

of credit sales have historically not been collectable. Total sales for the period were $

1, 000, 000 .

The beginning balance in the allowance for doubtful accounts was $

12, 000 .

Per the aging schedule, the ending balance in the allowance account would be $

15, 000 .

There were $

500

of write offs of accounts recelvable during the period. What was bad debt expense using the balance sheet approach?

gpt is giving incorrect plss a good experexpert solve else fase

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