2 of 5 < > View Policies Current Attempt in Progress The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Coronado Company's unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit Accounts receivable $53,300 Allowance for doubtful accounts 4,950 Net sales $1,232.500 -12 E Coronado Company estimates uncollectible accounts will be 6% of gross accounts receivable. Determine its bad debt expense for 2020. Bad debt expense for 2020 2. An analysis and aging of Whispering Corp. accounts receivable at December 31, 2020, disclosed the following Amounts estimated to be uncollectible $182,300 Accounts receivable 1,786,000 Allowance for doubtful accounts (per books) 126,040 What is the net amount expected to be collected of Whispering's receivables at December 31, 2020? Net realizable value $ 3. Metlock Co. provides for doubtful accounts based on 2% of gross accounts receivable. The following data are available for 2020. Credit sales during 2020 $3,912,600 3. Metlock Co. provides for doubtful accounts based on 2% of gross accounts receivable. The following data are available for 2020. Credit sales during 2020 $3,912,600 Bad debt expense 57,110 Allowance for doubtful accounts 1/1/20 16,250 Collection of accounts written off in prior years (customer credit was reestablished) 8,520 Customer accounts written off as uncollectible during 2020 28,190 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ 4. At the end of its first year of operations, December 31, 2020, Bonita Inc. reported the following information. Accounts receivable, net of allowance for doubtful accounts $867,500 Customer accounts written off as uncollectible during 2020 24,140 Bad debt expense for 2020 9080 What should be the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts $ 5. The following accounts were taken from Windsor Inc's trial balance at December 31, 2020. Debit Credit What should be the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts 5. The following accounts were taken from Windsor Inc's trial balance at December 31, 2020. Debit Credit Net credit sales $730,700 Allowance for doubtful accounts $15.060 Accounts receivable 317,800 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Bad debt expense, as adjusted $