Presented below are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Marin Companys unadjusted trial balance at December 31, 2017, included the following accounts.

		Debit		Credit
Accounts receivable		$55,000
Allowance for doubtful accounts		$6,980
Net sales				$1,217,400

Marin Company estimates its bad debt expense 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 Headland Corp. accounts receivable at December 31, 2017, disclosed the following.

Amounts estimated to be uncollectible		$ 183,000
Accounts receivable		1,796,800
Allowance for doubtful accounts (per books)		128,320

What is the net realizable value of Headlands receivables at December 31, 2017?

The net realizable value

$

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

Credit sales during 2017		$1,951,800
Bad debt expense		57,460
Allowance for doubtful accounts 1/1/17		15,650
Collection of accounts written off in prior years (customer credit was reestablished)		7,600
Customer accounts written off as uncollectible during 2017		32,230

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, Pronghorn Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$1,009,500
Customer accounts written off as uncollectible during 2017		22,800
Bad debt expense for 2017		86,880

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

$

5. The following accounts were taken from Stellar Inc.s trial balance at December 31, 2017.

		Debit		Credit
Net credit sales				$736,500
Allowance for doubtful accounts		$14,070
Accounts receivable		306,800

If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2017.

The bad debt expense, as adjusted

$