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2) 3) Assume Johnson calculates its bad debts as 1.5% of credit sales. a) Prepare the entry to recognize bad debt expense for 2024. Show supporting computations Accounts Debit Credit b) The net realizable value of accounts receivable, after adjustment is: (show computations below) Assume that at year-end, the balance in the Allowance for Uncollectible Accounts was a $500 debit balance (instead of $300 credit balance). a) If Johnson calculates its allowance for uncollectible accounts as 5% of accounts receivable, prepare the entry to recognize bad debt expense for 2024. Show supporting computations. Accounts Debit Credit b) If Johnson calculates its bad debts as 1.5% of credit sales, prepare the entry to recognize bad debt expense for 2024. Show supporting computations. Accounts Debit Credit