JohnsonCompany uses the allowance method of accounting for u

JohnsonCompany uses the allowance method of accounting for uncollectibleaccounts.  Johnson estimates that 3% ofnet credit sales will be uncollectible. On January 1, 2010, the Allowance for Doubtful Accounts had a creditbalance of $2,400.  During 2010, Johnsonwrote-off accounts receivable totaling $1,800 and made credit sales of$120,000.  There were no Sales Returns orSales Discounts during the year.  Afterthe adjusting entry, the December 31, 2010, balance in the Bad Debt Expense wouldbe a.$7,200b.$3,000c.$3,600d.$1,200

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