questions relating to each of the five independent situations as requested. 1. Oriole Companys unadjusted trial balance at December 31, 2017, included the following accounts.

		Debit		Credit
Accounts receivable		$54,800
Allowance for doubtful accounts		$6,910
Net sales				$1,267,000

Oriole Company estimates its bad debt expense to be 7% of gross accounts receivable. Determine its bad debt expense for 2017.

Bad debt expense for 2017

$

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

Amounts estimated to be uncollectible		$ 180,710
Accounts receivable		1,799,500
Allowance for doubtful accounts (per books)		125,900

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

The net realizable value

$

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

Credit sales during 2017		$3,343,800
Bad debt expense		57,040
Allowance for doubtful accounts 1/1/17		16,760
Collection of accounts written off in prior years (customer credit was reestablished)		7,930
Customer accounts written off as uncollectible during 2017		30,830

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, Sheffield Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$872,800
Customer accounts written off as uncollectible during 2017		26,370
Bad debt expense for 2017		89,470

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 Tamarisk Inc.s trial balance at December 31, 2017.

		Debit		Credit
Net credit sales				$804,200
Allowance for doubtful accounts		$13,960
Accounts receivable		333,200

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

The bad debt expense, as adjusted

$