The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Grouper Company's unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit Accounts receivable $55,000 Allowance for doubtful accounts 6,980 Net sales $1,217,400 Grouper 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 Monty Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts estimated to be uncollectible $183,000 Accounts receivable 1,796,800 Allowance for doubtful accounts (per books) 128,320 What is the net amount expected to be collected of Monty's receivables at December 31, 2020? Net realizable value $ 3. Flounder Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2020. Credit sales during 2020 Bad debt expense $1,951,800 57,460 Allowance for doubtful accounts 1/1/20 15,650 Collection of accounts written off in prior years (customer credit was reestablished) 7,600 Customer accounts written off as uncollectible during 2020 32,230 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, Culver Inc. reported the following information. Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2020 Bad debt expense for 2020 $1,009,500 22,800 86,880 Customer accounts written off as uncollectible during 2020 22,800 Bad debt expense for 2020 86,880 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 Larkspur Inc's trial balance at December 31, 2020. Debit Credit Net credit sales $736,500 Allowance for doubtful accounts $14,070 Accounts receivable 306,800 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Bad debt expense, as adjusted $ +A