Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense

is established as a percentage of credit sales. for 2013, net credit sales totaled $4,500,000, and the estimated bad

debt percentage is 1.5%. the allowance for uncollectible accounts had a credit balance of $42,000 at the beginning

of 2013 and $40,000, after adjusting entries, at the end of 2013.

required:

1. what is bad debt expense for 2013?

2. determine the amount of accounts receivable written off during 2013.

3. if the company uses the direct write-off method, what would bad debt expense be for 2013?

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.