A company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company’s unadjusted trial balance reported the following selected amounts: ACCOUNTS RECEIVABLE $355,000 DR ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS $500 CR NET SALES $800,000 CR All sales are made on credit. Based on past experience, the company estimates 0.6% of credit sales to be uncollectible. What is the dollar amount of Bad Debts Expense management is estimating prior to any adjustment for the amount in the allowance for doubtful accounts?

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?