Presented below are a series of unrelated situations.

Answer the questions relating to each of the five independent situations as requested.

1. Novak Companys unadjusted trial balance at December 31, 2017, included the following accounts.

Debit Accounts receivable $55,100

Debit Allowance for doubtful accounts $5,610

Credit Net sales $1,229,500

Novak Company estimates its bad debt expense to be 7% of gross accounts receivable. Determine its bad debt expense for 2017.

Bad debt expense for 2017 $Entry field with incorrect answer 91675

3. Blossom Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2017.

Credit sales during 2017 $2,185,300

Bad debt expense 58,230

Allowance for doubtful accounts 1/1/17 17,920

Collection of accounts written off in prior years (customer credit was reestablished) 7,970

Customer accounts written off as uncollectible during 2017 30,680

What is the balance in Allowance for Doubtful Accounts at December 31, 2017?

The balance in Allowance for Doubtful Accounts $Entry field with incorrect answer 60778