The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Swifty Companys unadjusted trial balance at December 31, 2020, included the following accounts.

		Debit		Credit
Accounts receivable		$53,300
Allowance for doubtful accounts		4,950
Net sales				$1,232,500

Swifty Company estimates its bad debt expense to be 6% of gross accounts receivable. Determine its bad debt expense for 2020.

Bad debt expense for 2020

$ ___________

2. An analysis and aging of Nash Corp. accounts receivable at December 31, 2020, disclosed the following.

Amounts estimated to be uncollectible		$ 182,300
Accounts receivable		1,786,000
Allowance for doubtful accounts (per books)		126,040

What is the net amount expected to be collected of Nashs receivables at December 31, 2020?

Net realizable value

$ ____________

3. Crane Co. provides for doubtful accounts based on 2% of gross accounts receivable, The following data are available for 2020.

Credit sales during 2020		$3,912,600
Bad debt expense		57,110
Allowance for doubtful accounts 1/1/20		16,250
Collection of accounts written off in prior years (customer credit was reestablished)		8,520
Customer accounts written off as uncollectible during 2020		28,190

What is the balance in Allowance for Doubtful Accounts at December 31, 2020?

Allowance for doubtful accounts 12/31/20

$ ___________

4. At the end of its first year of operations, December 31, 2020, Cheyenne Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$867,500
Customer accounts written off as uncollectible during 2020		24,140
Bad debt expense for 2020		90,280

What should be the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts?

Accounts receivable, before deducting allowance for doubtful accounts

$ __________

5. The following accounts were taken from Ayayai Inc.s trial balance at December 31, 2020.

		Debit		Credit
Net credit sales				$730,700
Allowance for doubtful accounts		$15,060
Accounts receivable		317,800

If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020.

Bad debt expense, as adjusted

$___________