Soto lost his cat and posted signs in his neighborhood offering a $100.00 reward for the cat's return. Dominguez found Soto's cat and returned the cat to Soto at Soto's house. While Dominguez was still at Soto's house after returning the cat, Dominguez saw for the first time one of Soto's signs offering the reward. Dominguez asked for the reward, but Soto refused to pay. Is Soto obligated to pay the reward to Dominguez?

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?