Cash Accounts receivable Accounts payable Other current liabilities Dr. $39,000 42,000 67,000 L03) GROUPWORK (Bad-Debt Reportng fol Halen Company's unadjusted tral balanc, P7 ng) The following are a series of unrelated situations. nce at December 31,2017, included the following accounts usted trial bala 14.200 Accounts receivable Allowance for doubtful accounts Net sales Debit Credit $53,000 Halen Company estimates its bad debt expense to be 7%of gross accounts recevable. Det $1,200,000 ysis and aging of Stuart Corp. accounts receivable at December 31,2017, disclosed the olowving 2. ne it baddebte per Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) $180,000 What is the net realizable value of Stuart's receivables at December 31, 2017? 25,000 3 Shore Co provides for doubtful accounts based on 4%ofgross accounts receivable Thefollowng data are availa Credit sales during 2017 Bad debt expense Allowance for doubtful accounts 1/1/17 Collection of accounts written off in prior years 57,000 17,000 (customer credit was reestablished) Customer accounts written off as uncollectible during 2017 What is the balance in Allowance for Doubtful Accounts at December 31, 2017 . At the end of its first year of operations, December 31, 2017, Darden Inc reported the following information unts receivable, net of allowance for doubtful accounts $950,000 during 2017 Acco Customer accounts written off as Bad debt expense for 2017 uncollectible balance in accounts receivable at December 31, 2017, before Wing accounts were taken from Bullock Inc.'s trial balance at December 31, 2017 subtracting the allowance for doube What should be the 5. The following accounts Credit were $14,000 310,000 Net credit sales Allowance for doubtful accounts Accounts receivable expense to be reported for 2017 accounts receivable, determine the bad debt erorting-Aging) Manilow Corporation operates in an industry that has a hig lance in Manilow's Accounts Receivable account was $555,000 and A If doubtful accounts are5 3% of Instructions to er the questions relating to each of the five independent situations as requested. rend balance reported in the balance sheet for Allowano hibility of