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Johnson Company accounts for its bad debts using the allowance method. All sales are made on account. At the end of 20X4, it showed the following balances, before adjustment: Sales Revenue Accounts Receivable Allowance for Uncollectible Accounts Required: $500,000 credit $100,000 debit $300 credit 1) Assume Johnson calculates its allowance for uncollectible accounts as 5% of accounts receivable. a) Prepare the entry to recognize bad debt expense for 2024. Show supporting computations Accounts Debit Credit b) c) The net realizable value of accounts receivable, after adjustment is: (show computations below) On January 1, 20X5, Johnson writes off a $2,000 account receivable. Prepare the entry to record the write-off. Accounts Debit Credit d) Assume there were no other transactions affecting accounts receivable on January 1, 20X5. What is the net realizable value of accounts receivable on that date after the write-off: $ (show computations below)