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

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

DebitCreditAllowance for doubtful accounts$7,900Sales revenue$1,965,000Sales returns and allowances60,800Sales discounts4,400

Kingbird 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 Ayayai Corp.'s accounts receivable at December 31, 2020, disclosed the following:

Amounts estimated to be uncollectible$162,000Accounts receivable1,815,000Allowance for doubtful accounts (per books)120,000

What is the net realizable value of Ayayai Corp.'s receivables at December 31, 2020?

Net realizable value$

Blossom Company provides for doubtful accounts based on 5.0% of credit sales. The following data are available for 2020:

Credit sales during 2020$3,160,000Allowance for doubtful accounts 1/1/2037,300Collection of accounts written off in prior years

(customer credit was re-established)17,200Customer accounts written off as uncollectible during 202036,800

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$1,040,000Customer accounts written off as uncollectible during 202023,300Bad debt expense for 202096,000

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 Shamrock Inc.'s unadjusted trial balance at December 31, 2020:

DebitCreditSales revenue (all on credit)$1,040,000Sales discounts$21,800Allowance for doubtful accounts32,500Accounts receivable720,000

If doubtful accounts are 6% of accounts receivable, what is the bad debt expense amount to be reported for 2020?

Bad debt expense$