On June 1, Laura Hall started Wildhorse Designs Co., a company that provides craft opportunities, by investing $13,490 cash in the business. Following are the assets and liabilities of the company at June 30 and the revenues and expenses for the month of June. Cash $10,000 Service Revenue $6,100Accounts Receivable 3,400 Advertising Expense 500Supplies 2,000 Rent Expense 1,300Equipment 11,000 Gasoline Expense 220Notes Payable 8,900 Utilities Expense 170Accounts Payable 1,300Laura made no additional investment in June but withdrew $1,200 in cash for personal use during the month.

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume 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?