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Presented below are a series of unrelated situations. For each situation, answer the question that is asked. VARIOUS UNRELATED SITUATIONS RELATED TO RECEIVABLES AND BAD

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Presented below are a series of unrelated situations. For each situation, answer the question that is asked. VARIOUS UNRELATED SITUATIONS RELATED TO RECEIVABLES AND BAD DEBT EXPENSE (a) Almond Company's unadjusted trial balance at December 31, 20X2 included the following accounts. Debit Credit 4,000 Account Allowance For Doubtful Accounts Sales Sales Returns and Allowances $ 1.550,000 100,000 Almond Company estimates its bad debt expense to be 1.5% of net sales. Determine its bad debt expense for 20x2. (b) An analysis and aging of Cyan Corp. accounts receivable at December 31, 20X2 disclosed the following (all ledger accounts have normal balances). $ Amounts Estimated To Be Uncollectible Accounts Receivable Allowance For Doubtful Accounts Per General Ledger 170,000 1,700,000 150,000 What is the net realizable value of Cyan's receivables at December 31, 20X2? VARIOUS UNRELATED SITUATIONS RELATED TO RECEIVABLES AND BAD DEBT EXPENSE (CONTINUED) (c) Coral Company provides for doubtful accounts based on 3% of credit sales. The following data are available for 20x2. $ Credit sales during 20X2 Allowance For Doubtful Accounts, 1/1/X2 Collection of accounts written off in prior years Customer accounts written off as uncollectible during 20X2 2,100,000 17.000 9,000 32,000 What is the balance in the Allowance For Doubtful Accounts at December 31, 20X2? (d) At the end of its first year of operations, December 31, 20X2, Azure, Inc. reported the following information S Accounts Receivable (Net) Customer accounts written off as uncollectible during 20X2 Bad Debt Expense for 20X2 950,000 24.000 79.000 What should be the balance in Accounts Receivable at December 31, 20X2, before subtracting the Allowance For Doubtful Accounts? (e) The following accounts were taken from Honeydew, Inc.'s balance sheet at December 31. 20X2 Debit Credit S 750.000 Account Net Credit Sales Allowance For Doubtful Accounts Accounts Receivable 16,000 430,000 If doubtful accounts are estimated to be 3% of accounts receivable, determine the bad debt expense to be reported for 20x2

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