Select True or False for each of the following statements about ID requirements. True False
You are required to request and obtain a valid form of photo identification from a customer at the beginning of the
transaction or when prompted by the register.
If a customer tries to avoid giving you their ID, you can still go through with the transaction.
You must not accept a post office box as a physical address when processing a financial service transaction.
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Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?