Oriole Co. uses an aging schedule at December 31.

Number of Days Outstanding		Accounts Receivable				Estimated % Uncollectible				Estimated Uncollectible Accounts
030 days			$264,600				1%				$2,646
31-60 days			71,300				5%				3,565
61-90 days			45,400				11%				4,994
Over 90 days			21,600				19%				4,104
Total			$402,900								$15,309

A) Assuming the allowance for doubtful accounts has an unadjusted credit balance of $4,980 at December 31, what is the bad debt expense for the year?

Bad debt expense

$enter the Bad debt expense in dollars

B) Prepare the current assets section of the balance sheet for Oriole Co. Assume that, in addition to the receivables, it has cash of $80,100, merchandise inventory of $133,000, and prepaid insurance of $9,200. (List Current Assets in order of liquidity.)

ORIOLE Co. Balance Sheet (Partial) choose the accounting period For the Year Ended December 31,2021For the Month Ended December 31,2021December 31, 2021
Assets
select an opening section name Total AssetsTotal Current AssetsCurrent AssetsTotal Long-Term InvestmentsTotal LiabilitiesTotal Liabilities and Stockholders' EquityLong-Term LiabilitiesTotal Intangible AssetsProperty, Plant and EquipmentIntangible AssetsTotal Stockholders' EquityTotal Long-Term LiabilitiesCurrent LiabilitiesTotal Property, Plant and EquipmentStockholders' EquityTotal Current LiabilitiesLong-Term Investments
enter a balance sheet item					$enter a dollar amount
enter a balance sheet item			$enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item			enter a dollar amount		enter a subtotal of the two previous amounts
enter a balance sheet item					enter a dollar amount
enter a balance sheet item					enter a dollar amount
select a closing section name Total Stockholders' EquityCurrent LiabilitiesTotal Property, Plant and EquipmentTotal Liabilities and Stockholders' EquityIntangible AssetsTotal Current LiabilitiesTotal AssetsTotal LiabilitiesTotal Intangible AssetsTotal Long-Term LiabilitiesLong-Term InvestmentsProperty, Plant and EquipmentCurrent AssetsTotal Long-Term InvestmentsLong-Term LiabilitiesStockholders' EquityTotal Current Assets					$enter a total amount for this section