The chart of accounts for the corning company includes the following: account name account number cash 11 accounts receivable 13 prepaid insurance 15 accounts payable 21 unearned revenue 24 common stock 31 dividends 32 fees earned 41 salaries expense 54 rent expense 56 page 3 of the journal contains the following entry: description post. ref. debit credit prepaid insurance 1,530 cash 1,530 what is the posting reference that will be found in the prepaid insurance account? a.15 b.3 c.13 d.11

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?