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Problem 3: Bad Debt Reporting. (10 Points) Presented below are a series of unrelated situations: 1. The following accounts were taken from Belize Telemedia Limited's

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Problem 3: Bad Debt Reporting. (10 Points) Presented below are a series of unrelated situations: 1. The following accounts were taken from Belize Telemedia Limited's trial balance at 31 December 2021: If doubtful accounts are 7% of accounts receivable, determine the bad debt expense to be reported for 2021 . 2. Amazon provides doubtful accounts based on 5% of gross accounts receivable. The following data are available for 2021 . What is the balance in Allowance for Doubtful Accounts at 31 December 2021? 3. At the end of 31 December 2021, Puma Energy Bahamas S.A. reported the following information: What should be the balance in accounts receivable at 31 December 2021, before subtracting the allowance for doubt accounts

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