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

		Debit		Credit
Accounts receivable		$53,700
Allowance for doubtful accounts		4,640
Net sales				$1,227,300

Pronghorn 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 Stellar Corp. accounts receivable at December 31, 2020, disclosed the following.

Amounts estimated to be uncollectible		$ 184,460
Accounts receivable		1,758,700
Allowance for doubtful accounts (per books)		127,940

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

Net realizable value

$

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

Credit sales during 2020		$3,603,000
Bad debt expense		57,750
Allowance for doubtful accounts 1/1/20		15,810
Collection of accounts written off in prior years (customer credit was reestablished)		8,350
Customer accounts written off as uncollectible during 2020		27,120

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, Martinez Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$927,300
Customer accounts written off as uncollectible during 2020		21,750
Bad debt expense for 2020		82,370

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

		Debit		Credit
Net credit sales				$719,000
Allowance for doubtful accounts		$12,850
Accounts receivable		331,100

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

Bad debt expense, as adjusted

$