Id like to know how to calculate these questions and why. Also, when do I need to add or minus the Allowance for Doubtful Accounts. Thanks a lot.

98. Vivian, Inc had net sales in 2015 of 700,000. At December 31, 2015, before adjusting entries, the balances in selected accounts were: accounts receivable 125,000 debit, and allowance for doubtful accounts 1,200 credit Vivian estimates that 2% of its net sales will prove to be uncollectable. What is the cash realizable value of the receivables reported on the statement of financial position at December 31, 2015? a. 112,200 b. 122,500 C. 111,000 d. 109,800 103. Wellington Corp. has outstanding accounts receivable totaling 6.5 million as of December 31 and sales on credit during the year of 24 milion. There is also a credit balance of 12,000 in the allowance for doubtful accounts. If the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? a. 532,000 b. 520,000 . 1.920.000 d. 508,000 04. Wellington Corp. has outstanding accounts receivable totaling 3 million as of December 31 and sales on credit during the year of 15 million. There is also a debit balance of 12,000 in the allowance for doubtful accounts. If the receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? a. 1,200,000 b. 228,000 company estimates that 8% of its outstanding 240,000 d. 252,000 105. At the close of its first year of operations, December 31, 2015, Ming Company had accounts receivable of $540,000, after deducting the related allowance for doubtful accounts. During 2015 the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of $40,000. What should the company report on its statement of financial position at December 31, 2015, as accounts receivable before the allowance for doubtful accounts? a. $670,000 b. $590,000 c. $490,000 d. $440,000