Please help

P7-2 (Lo3) GROUPWORK (Bad-Debt Reporting) The following are a series of unrelated situations 1. Halen Company's unadjusted trial balance at December 31, 2017, included the following accounts. Debit Credit Accounts receivable Allowance for doubtful accounts Net sales 53,000 4,000 $1,200,000 to be 7% of gross accounts receivable. Determine its bad debt expense for 2017 Halen Company estimates its bad debt expense 2. An analysis and aging of Stuart Corp, accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) 180,000 1,750,000 125,000 What is the net realizable value of Stuart's receivables at December 31, 20172 Shore Co. provides for doubtful accounts based on 4% of gross accounts receivable, The following data are available for 201 3 Credit sales during 20127 Bad debt expense Allowance for doubtful accounts 1/1/17 Collection of accounts written off in prior years $4,400,000 57,000 17,000 (customer credit was reestablished) Customer accounts written off as uncollectible during 2017 8,000 30,000 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 Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2017 $950,000 24,000 Course: letReady 249S Credit sales during 2017 Bad debt expense Allowance for doubtful accounts 1/1/17 Collection of accounts written off in prior years $4,400,000 57,000 7,000 (customer credit was reestablished) Customer accounts written off as uncollectible during 2017 8,000 30,000 What is the balance in Allowance for Doubtful Accounts at December 31, 2017 4. At the end of its first year of operations, December 31.2017, Darden Inc reported the following information Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2017 Bad debt expense for 20127 950,000 24,000 84,000 What should be the bulance in accounts receivable at December 31,2017, before subtracting the allowance for doubtful accounts? 5. The following accounts were taken from Bullock Inc 's trial balance at December 31, 2017. Debit Credit $750,000 Net credit sales Allowance for doubtful accounts Accounts receivable $14,000 310,000 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense t Instructions Answer the questions relating to each of the five independent situations as requested