Presented below are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested 1. Pina Company's unadjusted trial balance at December 31, 2017, included the following accounts. Debit Credit Accounts receivable Allowance for doubtful accounts Net sales $53,700 $4,640 $1,227,300 Pina Company estimates uncollectible accounts to be 8% of gross accounts receivable. Determine its bad debt expense for 2017. Bad debt expense for 2017 2. An analysis and aging of Grouper Corp. accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) $184,460 1,758,700 127,940 What is the net realizable value of Grouper's receivables at December 31, 2017? The net realizable value 3. Monty Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2017. Credit sales during 2017 Bad debt expense Allowance for doubtful accounts 1/1/17 Collection of accounts written off in prior years (customer credit was reestablished) Customer accounts written off as uncollectible during 2017 $3,603,000 57,750 15,810 8,350 27,120 What is the balance in Allowance for Doubtful Accounts at December 31, 2017? The balance in Allowance for Doubtful Accounts 4. At the end of its first year of operations, December 31, 2017, Flounder Inc. reported the following information Accounts receivable, net of allowance for doubtful accounts $927,300 Customer accounts written off as uncollectible during 2017 Bad debt expense for 2017 82,370 What should be the balance in accounts receivable at December 31, 2017, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts