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Ervin Company uses the allowance method to account for uncollectible accounts recelvable. The allowance account is adjusted based on bad debt expense as a percentoge

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Ervin Company uses the allowance method to account for uncollectible accounts recelvable. The allowance account is adjusted based on bad debt expense as a percentoge of credit soles. For 2024, net credit soles totaled $5,100,000, and the estimated bod debt percentage is 1,20%. No previously written-off occounts recelvable were reinstated during 2024. The ollowance for uncollectible accounts had a credit balance of $48,000 at the beginning of 2024 and $43,000, after adjusting entries, at the end of 2024 . Required: 1. What is bad debt expense for 2024 as a percent of net credit sales? 2. Assume Ervin makes no other adjustment of bod debt expense during 2024. Determine the omount of occounts receivoble written off during 2024 . 3. If the company uses the direct write-off method, what would bod debt expense be for 2024

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