Business, 01.02.2021 22:20 michaelmontoya68

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2013, net credit sales totaled $4,900,000, and the estimated bad debt percentage is 1.90%. The allowance for uncollectible accounts had a credit balance of $46,000 at the beginning of 2013 and $42,000, after adjusting entries, at the end of 2013. If the company uses the direct write-off method, what would bad debt expense be for 2013?

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Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt...