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The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Splish Company's unadjusted

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The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Splish Company's unadjusted trial balance at December 31, 2020, included the following accounts. Credit Accounts receivable Allowance for doubtful accounts Net sales Debit $50,400 6,000 $1.276,000 Splish Company estimates uncollectible accounts will be 7% of gross accounts receivable Determine its bad debt expense for 2020, Bad debt expense for 2020 2. An analysis and aging of Blossom Corp, accounts receivable at December 31, 2020, disclosed the following Amounts estimated to be uncollectible $183,880 Accounts receivable Allowance for doubtful accounts (per books) 129,100 1,792,200 What is the net amount expected to be collected of Blossom's receivables at December 31, 2020? Net realizable value $ 3. Blue Co. provides for doubtful accounts based on 3% of gross accounts receivable. The following data are available for 2020. Credit sales during 2020 $448,000 Bad debt expense 58,020 Allowance for doubtful accounts 11/20 17,340 Collection of accounts written off in prior years (customer credit was reestablished) 8,290 Customer accounts written off as uncollectible during 2020 29,650 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20$ 4. At the end of its first year of operations, December 31, 2020, Kingbird Inc. reported the following information, Accounts receivable, net of allowance for doubtful accounts $1.035.100

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