A series of unrelated situations follow for several companies that use ASPE:

Teal Mountain Inc.s unadjusted trial balance at December 31, 2020, included the following accounts:

		Debit		Credit
Allowance for doubtful accounts		$7,300
Sales revenue				$2,025,000
Sales returns and allowances		60,500
Sales discounts		4,500

Teal Mountain estimates its bad debt expense to be 2.0% of net sales. Determine its bad debt expense for 2020. (Round answer to 0 decimal places, e.g. 58,971.)

Bad debt expense

$

An analysis and aging of Indigo Corporations accounts receivable at December 31, 2020, disclosed the following:

Amounts estimated to be uncollectible		$153,000
Accounts receivable		1,760,000
Allowance for doubtful accounts (per books)		134,000

What is the net realizable value of Indigo Corporations receivables at December 31, 2020?

Net realizable value

$

Sandhill Co. provides for doubtful accounts based on 4.5% of credit sales. The following data are available for 2020:

Credit sales during 2020			$3,070,000
Allowance for doubtful accounts 1/1/20			37,900
Collection of accounts written off in prior years (customer credit was re-established)			16,500
Customer accounts written off as uncollectible during 2020			35,100

What is the balance in Allowance for Doubtful Accounts at December 31, 2020?

Allowance for doubtful accounts 12/31/20

$

At the end of its first year of operations, on December 31, 2020, Skysong Inc. reported the following information:

Accounts receivable, net of allowance for doubtful accounts		$980,000
Customer accounts written off as uncollectible during 2020		22,500
Bad debt expense for 2020		90,000

What is the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts?

Accounts receivable, before deducting allowance for doubtful accounts

$

The following accounts were taken from Metlock Inc.s unadjusted trial balance at December 31, 2020:

		Debit		Credit
Sales revenue (all on credit)				$980,000
Sales discounts		$21,000
Allowance for doubtful accounts		34,600
Accounts receivable		620,000

If doubtful accounts are 8% of accounts receivable, what is the bad debt expense amount to be reported for 2020?

Bad debt expense

$