The Beatrice Manufacturing Company increased its merchandise inventory by $28,000 over the year. The company also granted its customers more liberal credit terms which increased the accounts receivable by $54,000. Sales were $1,030,000 and the accounts payable decreased by $49,500. The gross profit on sales is 45%. Marketing and administrative expenses were $167,000; this included depreciation expense of $26,000. What were the cash disbursements for the year

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?