Kelton Incorporated reported net credit sales of $528,000 fo…
Kelton Incorporated reported net credit sales of $528,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $880. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as the estimated Bad Debt Expense?