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

		Debit		Credit
Accounts receivable		$52,200
Allowance for doubtful accounts		5,240
Net sales				$1,237,200

Whispering Company estimates uncollectible accounts will be 8% of gross accounts receivable. Determine its bad debt expense for 2020.

Bad debt expense for 2020

$

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

Amounts estimated to be uncollectible		$ 184,190
Accounts receivable		1,753,500
Allowance for doubtful accounts (per books)		125,370

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

Net realizable value

$

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

Credit sales during 2020		$3,025,600
Bad debt expense		59,380
Allowance for doubtful accounts 1/1/20		17,480
Collection of accounts written off in prior years (customer credit was reestablished)		8,630
Customer accounts written off as uncollectible during 2020		32,250

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, Windsor Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$940,500
Customer accounts written off as uncollectible during 2020		24,100
Bad debt expense for 2020		85,250

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 Sheridan Inc.s trial balance at December 31, 2020.

		Debit		Credit
Net credit sales				$737,100
Allowance for doubtful accounts		$15,110
Accounts receivable		307,100

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

Bad debt expense, as adjusted

$