The following totals for the month of March were taken from the payroll records of Pharoah Company. Salaries $334800 FICA taxes withheld 25610 Income taxes withheld 73700 Medical insurance deductions 4855 Federal unemployment taxes 2680 State unemployment taxes 16700 The entry to record accrual of employer’s payroll taxes would include a debit to Payroll Tax Expense for $118690 credit to Payroll Tax Expense for $44990. debit to Payroll Tax Expense for $44990 debit to FICA Taxes Payable for $25610.

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?