information related to mingenback company for 2015 is summarized below.

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information related to mingenback company for 2015 is summarized below.total credit sales ……………………………….. $2,500,000accounts receivable at december 31 ………….. 875,000bad debts written off ………………………….. 33,000instructions(a) what amount of bad debt expense will mingenback company report if it uses the direct write-off method of accounting for bad debts?(b) assume that mingenback company estimates its bad debt expense to be 2% of credit sales. what amount of bad debt expense will mingenback record if it has an allowance for doubtful accounts credit balance of $4,000?(c) assume that mingenback company estimates its bad debt expense based on 6% of accounts receivable. what amount of bad debt expense will mingenback record if it has an allowance for doubtful accounts credit balance of $3,000?(d) assume the same facts as in (c), except that there is a $3,000 debit balance in allowance for doubtful accounts. what amount of bad debt expense will mingenback record?(e) what is the weakness of the direct write-off method of reporting bad debt expense?
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