Presented below are a series of unrelated situations.

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

1. Sweet Company's unadjusted trial balance at December 31, 2017, included the following accounts.

Debit

Credit

Accounts receivable

$54,100Allowance for doubtful accounts$7,320Net sales$1,279,700

Sweet Company estimates uncollectible accounts to be5% of gross accounts receivable. Determine its bad debt expense for 2017.

Bad debt expense for 2017

2. An analysis and aging of Pharoah Corp. accounts receivable at December 31, 2017, disclosed the following.

Amounts estimated to be uncollectible$183,680Accounts receivable1,793,800Allowance for doubtful accounts (per books)128,620

What is the net realizable value of Pharoah's receivables at December 31, 2017?

The net realizable value

3. Novak Co. provides for doubtful accounts based on4% of gross accounts receivable, The following data are available for 2017.

Credit sales during 2017$4,244,100Bad debt expense

57,800Allowance for doubtful accounts 1/1/1716,450Collection of accounts written off in prior years (customer credit was reestablished)7,250Customer accounts written off as uncollectible during 201732,230

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, Splish Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts$921,900Customer accounts written off as uncollectible during 201722,440Bad debt expense for 201780,610

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 Blossom Inc.'s trial balance at December 31, 2017.

Debit

Credit

Net credit sales$734,900Allowance for doubtful accounts$12,740Accounts receivable301,400

If doubtful accounts are3% of accounts receivable, determine the bad debt expense to be reported for 2017.

The bad debt expense, as adjusted