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

		Debit		Credit
Accounts receivable		$55,400
Allowance for doubtful accounts		5,960
Net sales				$1,262,800

Cheyenne Company estimates its bad debt expense to be 6% of gross accounts receivable. Determine its bad debt expense for 2020.

Bad debt expense for 2020

$

3. Pina Co. provides for doubtful accounts based on 2% of gross accounts receivable, The following data are available for 2020.

Credit sales during 2020		$4,351,800
Bad debt expense		58,400
Allowance for doubtful accounts 1/1/20		15,380
Collection of accounts written off in prior years (customer credit was reestablished)		8,190
Customer accounts written off as uncollectible during 2020		28,860

What is the balance in Allowance for Doubtful Accounts at December 31, 2020?

Allowance for doubtful accounts 12/31/20

$