What journal entry should Johnson record to recognize bod debt expense for 2024 ? Journal entry worksheet Record the entry to recognize bad debt expense for 2024 . Johnson Company calculates its allowance for uncollectible accounts as 5% of its ending balance in gross accounts recelvable. The allowance for uncollectuble accounts had a credit balance of $20,000 at the beginning of 2024 . No prevously written-off accounts recelvable were reinstated during 2024, At 12/31/2024, gross accounts recelvable totaled $333,400, and prior to recording the adjusting entry to recognize bad debts expense for 2024, the allowance for uncollectible accounts had a debit balance of 36,600 Required: 1. What wos the baiance in gross accounts recelvable as of 1231/2023? 2. What joumal entry should Johnson record to recognize bad debtexpense for 2024 ? 3. Ascume Johnson made no other adjustment of the aliowance for uncolisctible accounts during 2024. Determine the amount of accounts recelvable witten off during 2024 4. If Johnson instead used the direct write-oft method, what would bad dobt sxpense be for 2024 ? Complete this question by entering your answers in than tabs below. What was the balance in gross accouncs receivable as of 12/31/2023 ? Johnson Company calculates its allowance for uncollecuble accounts as 5% of its ending balance in gross accounts recevable. The allowance for uncollectible accounts had a credit balance of $20,000 at the beginning of 2024 . No previously writteri-off accounts recelvable were reinstated during 2024. At 12/31/2024, gross accounts recelvable totaled $333,400, and prion to recording the adjusting entry to recognize bad debts expense for 2024 , the allowance for uncollectible accounts had a debit balance of 36,600 . Required: 1. What wos the balance in gross accounts receivabie as of 72/2023 ? 2. What joumal entry should Johnson record to recognize bud debt experse for 2024 ? accounts recelvable written off during 2024 4. If Johnson instead used the direct wite-off method, what would bed dobbt cxpence be for 2024 ? Complete this question by entering your answers in the tabs below. If Johnion instead used the direct write- of method, whint would bad detre expenst be for 2024 ? Johnson Company calculates its allowance for uncollectible accounts as 5% of itsi ending balance in grobs accounts rocolvable. The adfusting entry to recognize bad debss expense for 2024 , the allowance for uncollectible accouints had a debit balance of 36,600 Required: 1. What was the balance in gross accouns recelvable as of 1231/2023 ? 2. What joumal entry should Johnson record to recogntze bad dobt expense for 2024 ? 3. Ascume Johnson made no other adjurtment of the allowance for uncollectible accounts during 2024, Determine the amourt of accounts tecelvable wrtten off during 2024 4. If Johnson instead used the direct write-off method, what would bad debt expanise be for 2024 ? Complete this queition by entering vour answers in the tahs below. actoorts recavable virten off during 2024
