Aguilar Company receives a $2,000 cash payment from a customer whose accounts receivable was previously written off.

In recording this transaction, which of the following are true? Check all that are true.

Allowance for doubtful accounts is credited/increased for $2,000
Accounts receivable is debited/increased for $2,000
Cash is debited/increased for $2,000
Allowance for doubtful accounts is debited/decreased for $2,000
Bad debt expense is credited/decreased for $2,000
Bad debt expense is debited/increased for $2,000
Cash is credited/decreased for $2,000
Accounts receivable is credited/decreased for $2,000

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?