Answer the questions relating to each of the five independent situations as requested. 1. Sweet Companys unadjusted trial balance at December 31, 2020, included the following accounts.

		Debit		Credit
Accounts receivable		$56,300
Allowance for doubtful accounts		7,110
Net sales				$1,239,800

Sweet Company estimates uncollectible accounts will be 8% of gross accounts receivable. Determine its bad debt expense for 2020.

Bad debt expense for 2020

$

2. An analysis and aging of Pharoah Corp. accounts receivable at December 31, 2020, disclosed the following.

Amounts estimated to be uncollectible		$ 183,870
Accounts receivable		1,771,200
Allowance for doubtful accounts (per books)		127,350

What is the net amount expected to be collected of Pharoahs receivables at December 31, 2020?

Net realizable value

$

3. Novak Co. provides for doubtful accounts based on 4% of gross accounts receivable, The following data are available for 2020.

Credit sales during 2020		$3,136,500
Bad debt expense		58,510
Allowance for doubtful accounts 1/1/20		17,920
Collection of accounts written off in prior years (customer credit was reestablished)		7,570
Customer accounts written off as uncollectible during 2020		32,420

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, Splish Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$1,025,300
Customer accounts written off as uncollectible during 2020		24,720
Bad debt expense for 2020		86,570

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 Blossom Inc.s trial balance at December 31, 2020.

		Debit		Credit
Net credit sales				$722,600
Allowance for doubtful accounts		$13,950
Accounts receivable		323,800

If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020.

Bad debt expense, as adjusted

$