Jamal tried to apply for a mortgage. however, he was turned down for the loan because the loan officer noticed that he had made late payments to his credit card and he had not made payments on a loan. what questions should he have asked himself before deciding to buy a home?

a) do you have enough money saved up to cover two to three months of mortgage payments in case you lost your job?
b) do you have a steady income and stable job?
c) do you have a good credit report and credit score?
d) do you have enough money saved for a down payment and closing costs?

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?