What is bad debt expense for 2013

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Reference no: EM13270053

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 $4,700,000, and the estimated bad debt percentage is 1.70%. The allowance for uncollectible accounts had a credit balance of $44,000 at the beginning of 2013 and $41,000, after adjusting entries, at the end of 2013.

What is bad debt expense for 2013?

Determine the amount of accounts receivable written off during 2013.

Reference no: EM13270053

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