Wrangler Inc. uses the percentage of credit sales method to estimate Bad Debt Expense. At the end of the year, the company's unadjusted trial balance includes the following: Accounts Receivable$349,000 Allowance for Doubtful Accounts (credit balance) 200 Net Credit Sales 900,000 Wrangler has experienced bad debt losses of 0.5% of credit sales in prior periods. What is the Bad Debt Expense to be recorded for the year?
A. $4,300
B. $4,500
C. $4,700
D. $45,000
Answer: B
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