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Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2016, net credit sales totaled $4,500,000, and the estimated bad debt percentage is 1.5%. The allowance for uncollectible accounts had a credit balance of$42,000 at the beginning of 2016 and $40,000, after adjusting entries, at the end of 2016. Required: 1. What is bad debt expense for 2016? 2. Determine the amount of accounts receivable written off during 2016. 3. If the company uses the direct write-off method, what would bad debt expense be for 2016?
Which word has no relation to the other words -- (a) dilapidated, (b) decaying, (c) neglected, or (d) lonesome?
Dilapidated refers to something that has fallen into disrepair or ruin due to age or negligence. Furthermore, decaying means degrading or falling into disrepair. Neglected, on the other hand, denotes a lack of sufficient care or being in disdain. Finally, the term "lonesome" refers to a location that is isolated and underutilized or someone being alone.
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