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Exercise 7-10 Uncollectible accounts; allowance method vs. direct write-off me thod [LO7-5, 7-6) Johnson Company...

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Exercise 7-10 Uncollectible accounts; allowance method vs. direct write-off me thod [LO7-5, 7-6) Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a 5,100,000, and the estimated bad debt percentage is 120%. The allowance for uncollectible accounts had a credit balance of $48,000 at the beginning of 2018 and $43,000, after adjusting entries, at the end of 2018 1. What is bad debt expense for 2018 as a percent of net credit sales? Johnson makes no other adjustment of bad debt expense during 2018. Determine the amount of accounts receivable written off during 2018. 3. If the company uses the direct write-off method, what would bad debt expense be for 2018? 1. Bad debt expense 2 Accounts receivable written of 3. Bad debt expense Reference links

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