Business homework help

Business homework help. Johnson Corporation’s Unadjusted Trial Balance at year-end included the following accounts:Sales (75% represent credit sales)    Debit     Credit $1,152,000Accounts Receivable           Debit  $288,000          CreditAllowance for Doubtful Accounts   Debit               Credit  $2,184Compute the uncollectible account expense, and make the appropriate journal entry, for the current year assuming the uncollectible account expense is determined as follows:a. Income statement approach, 1% of total sales. b. Income statement approach, 1.5% of credit sales. c. Balance sheet approach. The estimate based on an aging of accounts receivable is that an allowance of $12,000 would be appropriate.

Business homework help