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1. Monty Company's unadjusted trial balance at December 31, 2020. Included the following accounts Debit Credit $50,300 Accounts receivable Allowance for doubtful accounts 5.300 Net
1. Monty Company's unadjusted trial balance at December 31, 2020. Included the following accounts Debit Credit $50,300 Accounts receivable Allowance for doubtful accounts 5.300 Net sales $ 1.229.400 Monty Company estimates uncollectible accounts will be 5% of gross accounts receivable. Determine les had debt expense for 2020. Bad debt expense for 2020 $ 2. An analysis and aging of Flounder Corp, accounts recevable at December 31, 2020, disclosed the following. $ 180,530 Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) 1.762 300 125,470 What is the net amount expected to be collected of Flounder's recevables at December 31, 20202 Net realizable value $
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