Happy Company had a $173,000 balance in Accounts Receivable and a credit balance of $300 in Allowance for Doubtful Accounts at December 31, 2020. Requirements: a. Compute the amount of expected bad debts at December 31, 2020. Answer 4410 edit b. Prepare the December 31, adjusting entry for for Bad Debt Expense. redit Assume the same facts as above except that the Allowance for Doubtful Accounts had a $300 debit balance. Prepare the adjusting entry for Bad Debt Expense. d. What is the net realizable value of accounts receivable at December 31, 2020? (How much cash does the company expect to collect) Answer Record the following transactions in the journal of Top Dog Running Shoes: Sredit 2019 Aug 1 Loaned $20,000 to Jean Porter, an executive with the company, on a one-year 12%