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P6.2 ( LO3 ) Groupwork (Bad-Debt Reporting) The following are a series of unrelated situations. 1. Halen Company's unadjusted trial balance at December 31, 2025, included the following accounts. Halen Company estimates its bad debt expense to be 7% of gross accounts receivable. Determine its bad debt expense for 2025. What is the net amount expected to be collected of Stuart's receivables at December 31, 2025? 3. Shore Co. provides for doubtful accounts based on 4% of gross accounts re What is the balance in Allowance for Doubtful Accounts at December 31, 2025? 4. At the end of its first year of operations, December 31, 2025, Darden Inc. reported the following information. Accountsreceivable,netofallowancefordoubtfulaccountsCustomeraccountswrittenoffasuncollectibleduring2025Baddebtexpensefor2025$950,00024,00084,000 What should be the balance in accounts receivable at December 31,2025, before subtracting the allowance for doubtful accounts? 5. The following accounts were taken from Bullock Inc.'s trial balance at December 31, 2025. If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Instructions Answer the questions relating to each of the five independent situations as requested. P6.2 ( LO3 ) Groupwork (Bad-Debt Reporting) The following are a series of unrelated situations. 1. Halen Company's unadjusted trial balance at December 31, 2025, included the following accounts. Halen Company estimates its bad debt expense to be 7% of gross accounts receivable. Determine its bad debt expense for 2025. What is the net amount expected to be collected of Stuart's receivables at December 31, 2025? 3. Shore Co. provides for doubtful accounts based on 4% of gross accounts re What is the balance in Allowance for Doubtful Accounts at December 31, 2025? 4. At the end of its first year of operations, December 31, 2025, Darden Inc. reported the following information. Accountsreceivable,netofallowancefordoubtfulaccountsCustomeraccountswrittenoffasuncollectibleduring2025Baddebtexpensefor2025$950,00024,00084,000 What should be the balance in accounts receivable at December 31,2025, before subtracting the allowance for doubtful accounts? 5. The following accounts were taken from Bullock Inc.'s trial balance at December 31, 2025. If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Instructions Answer the questions relating to each of the five independent situations as requested