Help Save & Exercise 7-10 Uncollectible accounts; allowance method vs. direct write-off method L07-5,7-6) Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is percentage of credit sales. For 2018, net credt allowance for uncollectible accounts had a credit balance of $43,000 at the beginning of the end of 2018 sales totaled $4,600,000, and the estimated bad debt percentage is 1.60%. The 2018 and $40.500. after adjusting entries, at 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 20181 1 Bad debt expense 3. Bad debt expense Prev 1 or 4 Next 8 9 3