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Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending baiance in gross accounts receivable. The alfowance for uncollectible accounts had a

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Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending baiance in gross accounts receivable. The alfowance for uncollectible accounts had a credit batance of $28,000 at the beginning of 2024 . No previously wertten-off occounts receivable were reinstated during 2024. At 12/31/2024, gross accounts recelvable totaled $466,700, and prior to rocording the adjusting entry to recognize bad debts expense for 2024 , the allowance for uncollectible accounts had a debit balance of 51,300. Requitred: 1. What was the balance in gross accounts recelvable as of 12/31/2023 ? 2. What journal entry should Johnson record to recognlze bad debt expense for 2024 ? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2024 . Determine the amount of accounts recelvable written off during 2024. 4. If Johnson instead used the direct write-off method, what would bod debt expense be for 2024 ? Complete this question by entering your answers in the tabs below. What was the balance in qross accounts receivable as of 12/31/2023

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