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 $4,500,000, and the estimated bad

debt percentage is 1.5%. the allowance for uncollectible accounts had a credit balance of $42,000 at the beginning

of 2013 and $40,000, after adjusting entries, at the end of 2013.

required:

1. what is bad debt expense for 2013?

2. determine the amount of accounts receivable written off during 2013.

3. if the company uses the direct write-off method, what would bad debt expense be for 2013?

Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?