Information related to Mingenback Company for 2015 is summarized below

Total credit sales $2,469,000 Accounts receivable at December 31 864,000 Bad debts written off 34,800

1. What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts? 2. 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? 3. Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $2,900? 4. Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $2,900?