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

		Debit		Credit
Accounts receivable		$53,600
Allowance for doubtful accounts		5,450
Net sales				$1,209,200

Stellar 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

$

2. An analysis and aging of Pearl Corp. accounts receivable at December 31, 2020, disclosed the following.

Amounts estimated to be uncollectible		$ 181,130
Accounts receivable		1,774,300
Allowance for doubtful accounts (per books)		126,200

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

Net realizable value

$

3. Martinez Co. provides for doubtful accounts based on 4% of gross accounts receivable, The following data are available for 2020.

Credit sales during 2020		$2,423,400
Bad debt expense		57,590
Allowance for doubtful accounts 1/1/20		15,880
Collection of accounts written off in prior years (customer credit was reestablished)		8,340
Customer accounts written off as uncollectible during 2020		29,140

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, Sandhill Inc. reported the following information.

Accounts receivable, net of allowance for doubtful accounts		$986,400
Customer accounts written off as uncollectible during 2020		24,890
Bad debt expense for 2020		88,450

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

		Debit		Credit
Net credit sales				$714,400
Allowance for doubtful accounts		$14,760
Accounts receivable		340,100

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

Bad debt expense, as adjusted