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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. Coronado 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. Coronado Company's unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit $ 57,900 Accounts receivable Allowance for doubtful accounts Net sales 4,360 $ 1,286,300 Coronado Company estimates uncollectible accounts will be 6% of gross accounts receivable. Determine its bad debt expense for 2020 Bad debt expense for 2020 2. An analysis and aging of Whispering Corp, accounts receivable at December 31, 2020, disclosed the following $ 181,570 Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) 1,762,800 128,470 What is the net amount expected to be collected of Whispering's receivables at December 31, 2020? Net realizable value $ 3. Metlock 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 $3,330,100 59.530 Allowance for doubtful accounts 1/1/20 Collection of accounts written off in prior years (customer credit was reestablished) Customer accounts written off as uncollectible during 2020 17.910 7,610 30,510 What is the balance in Allowance for Doubtful Accounts at December 31, 20207 Allowance for doubtful accounts 12/31/20 4. At the end of its first year of operations, December 31, 2020, Bonita Inc. reported the following information, 5969,600 Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2020 Bad debt expense for 2020 21.670 76,330 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 Windsor Inc's trial balance at December 31, 2020. Debit Credit Net credit sales $ 748,600 Allowance for doubtful accounts $15.250 Accounts receivable 315,000 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Bad debt expense, as adjusted

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