as of December 31. on an analysis in estimated mine the following: 3. Determine the expected net realizable value of the accounts receivable as of De 4. Assuming that instead of basing the provision for uncollectible accounts on of receivables the adjusting entry on December 31 had been based on a expense of 1 of 1% of the sales of $13,200,000 for the year, determine the a. Bad debt expense for the year. b. Balance in the allowance account after the adjustment of December 31. c. Expected net realizable value of the accounts receivable as of December 2 *1,000 Excel PR 9-2A Aging of receivables; estimating allowance for doubtful accounts OBJ. 4 Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfi ters throughout the western United States. The accounts receivable clerk for Trophy : prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y6: I B C D E F G H Not Days Past Due Past 3 Customer Balance Due 1-30 31-606 1-90 91-120 Over 120 4 AAA Outfitters 20,000 20,000 5 Brown Trout Fly Shop 7,500 7,500 30 Zigs Fish Adventures 31 Subtotals 4,000 4,000 1,300,000 750,000 290,000 120.000 40,000 20,000 80,000 as of December 31. on an analysis in estimated mine the following: 3. Determine the expected net realizable value of the accounts receivable as of De 4. Assuming that instead of basing the provision for uncollectible accounts on of receivables the adjusting entry on December 31 had been based on a expense of 1 of 1% of the sales of $13,200,000 for the year, determine the a. Bad debt expense for the year. b. Balance in the allowance account after the adjustment of December 31. c. Expected net realizable value of the accounts receivable as of December 2 *1,000 Excel PR 9-2A Aging of receivables; estimating allowance for doubtful accounts OBJ. 4 Trophy Fish Company supplies flies and fishing gear to sporting goods stores and outfi ters throughout the western United States. The accounts receivable clerk for Trophy : prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 20Y6: I B C D E F G H Not Days Past Due Past 3 Customer Balance Due 1-30 31-606 1-90 91-120 Over 120 4 AAA Outfitters 20,000 20,000 5 Brown Trout Fly Shop 7,500 7,500 30 Zigs Fish Adventures 31 Subtotals 4,000 4,000 1,300,000 750,000 290,000 120.000 40,000 20,000 80,000